Los Angeles CA Real Estate & Commercial for Sale

This property will be offered at a LIVE AUCTION at the property site on Wednesday, April 9th at 1:00 PM. Don't miss this opportunity for unheard-of savings on this rare commercial building in a vibrant traffic area near major transportation corridors in the East Hollywood/Silverlake Submarket area. The property is highly adaptable to a wide range of uses and well suited for an owner/user seeking superior access to studios, retail, restaurants and everything that Hollywood has to offer. This property was donated to a nonprofit that is in development of another property and seeks immediate sale. Pre-registration and $25,000 cashier's check are required to bid on Auction Day. Do not disturb the month-to-month tenant. Property to be delivered vacant.

SELLER DECIDED TO LOWER THE PRICE OF THE PROPERTY TO MATCH THE CAP RATE OF 5.5%". An exceptional investment opportunity! This highly attractive property features a front 4-unit building, each unit offering 2 bedrooms, 1 bathroom, a spacious living room, and in-unit laundry hookups. Additionally, each unit comes with its own designated parking garage. At the rear, there is a separate standalone single unit with 2 bedrooms and 1 bathroom, providing added versatility and value. Close to several hospitals, metro station, LACC, shopping and Hollywood itself. This is a fantastic opportunity for all Investors.

MUTOOF is pleased to present 800 N Hobart Blvd, Los Angeles, CA 90029. Duplex on over 7,280 SF lot in the heart of Melrose Hill. Huge value-add opportunity and huge upside in rents. Upside redevelopment potential TOC (Transit Oriented Communities) Tier 2 location that allows increased residential density (RD1.5-1XL zoning). Newly updated interior. 2.94 kW roof mounted photovoltaic solar system on both the main house and back unit which efficiently reduces electricity bills. Sub-metered. Walk Score of 90 (Walkers Paradise). Excellent location near the major transit stops, highways (US-101 & SR-2) and shopping centers. Just two miles west of Hollywood, and five miles east of Downtown L.A. The subject property consists of total two (2) units totaling 2,142 SF on a sizable 7,281 SF lot. Mix of total one (1) 3beds/2baths unit and one (1) 1bed/1bath unit. The duplex property is being sold "as-is." Both the main house and the back unit will be delivered vacant. DO NOT DISTURB TENANTS. Please submit an offer with POF. Shown upon accepted offer. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.

Adjacent to the Hollywood Presbyterian Medical Center.Vacant land - Redevelopment Opportunity. Zoning is RD1.5-1XL (Tier 3). It can be acquired along with 1269 Lyman Place. Children's Hospital Los Angeles and Kaiser Permanente Medical Center are within walking distance. Walking distance to the Metro Rail (Red Line) at Vermont and Sunset.Convenient access to the 101 Hollywood Freeway.

Adjacent to the Hollywood Presbyterian Medical Center.Vacant land - Redevelopment Opportunity. Zoning is C2-CSA1 (Tier 3). Part of the East Hollywood SNAP Plan - Allows for 3.0 / 1 F.A.R.Additional benefit for Hospital development - Allows for 4.5 / 1 F.A.R. with up to 200 ft height limit.Children's Hospital Los Angeles and Kaiser Permanente Medical Center are within walking distance. Walking distance to the Metro Rail (Red Line) at Vermont and Sunset.Convenient access to the 101 Hollywood Freeway.