Property Details
Executive Summary
PRIME LOCATION:
Situated in the sought-after Oakwood/Melrose Hill area of Los Angeles, with coveted corner lot access to Beverly Blvd.
BUILDING AND LOT:
Spans 7,990 SF across two lots totaling 15,262 SF, offering significant development potential.
TENANT COMPOSITION:
Currently housing 5 under-market month-to-month tenants, presenting an opportunity for immediate rental upside.
IDEAL CONFIGURATION:
Well-suited for owner use, particularly for medical or industrial purposes, with existing unit configurations.
PARKING COMPLIANCE:
Site complies with the 2/1,000 SF medical parking requirement, enhancing its appeal for medical or industrial tenants.
RENTAL UPSIDE:
Potential for increased rental income with current tenants on month-to-month leases.
VERSATILE SPACES:
Features approximately 2,540 SF of retail space and a 5,450 SF industrial component, easily divisible to accommodate various businesses.
RARE PARKING AVAILABILITY:
Offers high-level parking, a rarity in the area, enhancing accessibility for tenants and customers.
ZONING AND DEVELOPMENT POTENTIAL:
Zoned C2 – Tier 3 with eligibility for ED1, providing significant development opportunities.
ENTERPRISE ZONE AND OPPORTUNITY ZONE:
Located in the State Enterprise Zone and designated as an Opportunity Zone, offering potential tax benefits.
STRATEGIC LOCATION:
Positioned between Vermont and Western, boasting over 230 feet of frontage on bustling Beverly Blvd.
ACCESSIBILITY:
Easy access to the 101 freeway, Metro B line, Vermont/ Beverly Metro stop, as well as nearby amenities such as restaurants, bars, schools, and cultural landmarks.
This mixed-use retail industrial property presents an exceptional investment opportunity in a highly desirable location with immense potential for growth and development.
