4673 Hollywood Blvd, Los Angeles, CA 90027
4673 Hollywood Blvd, Los Angeles, CA 90027
4673 Hollywood Blvd, Los Angeles, CA 90027
4673 Hollywood Blvd, Los Angeles, CA 90027
4673 Hollywood Blvd, Los Angeles, CA 90027
4673 Hollywood Blvd, Los Angeles, CA 90027
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$ 8,700,000
Est. payment | /mo

12,946 SqFt


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$ 8,700,000
Est. payment | /mo
Save

12,946 SqFt

Key Details

Property Type Commercial

Sub Type Combo - Res & Com

Listing Status Active

Purchase Type For Sale

Square Footage 12,946 sqft

Price per Sqft $672

MLS Listing ID 26661089

Year Built 1923

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Combo - Res & Com

Property Description

We are pleased to present Verwood - a 12,946 square foot mixed-use retail and apartment building located at 4673 Hollywood Boulevard, ideally situated one parcel east of the northeast signalized corner of Hollywood Boulevard and Vermont Avenue in the heart of Los Feliz, California. Since 2017, ownership has invested more than $2 million in a comprehensive modernization program that included seismic upgrades, major electrical and plumbing enhancements, new HVAC, a roof replacement, facade improvements, extensive tenant buildouts, and the renovation of eight apartment units significantly enhancing safety, efficiency, and tenant appeal. The property is currently leased to six high-quality, internet-resistant retail tenants on triple-net leases with thirteen apartment units on the second story. The retail lineup has been carefully curated to reflect the neighborhood's creative and wellness-driven culture, with tenants including Kettl Tea (Brooklyn-based tea house), Old Gold Vegan Pizza (Sicilian-style pizza), Red Gate Bakery (critically acclaimed New York based bakeshop), Face Facial Bar (wellness spa), Studio-a-go-go (Lagree fitness studio), and Puppy Fades (dog grooming). Retail suites average just over 1,000 square feet, making them efficient and highly leasable spaces with limited tenant improvement requirements. Ten of the thirteen apartment units have been renovated, providing stabilized residential income with continued value-add potential through the repositioning of the remaining units.

Location

State CA

County Los Angeles

Area Los Feliz

Zoning LAC2

Exterior

Garage Spaces 16.0

Building

Story 2

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by The CREM Group

Nearby Locations

Chakits Krulsawat
Chakits Krulsawat

Buyer and Sales Specialist | RE. Lic# S.0168764

+1(702) 319-1092 | chakits.k@gmail.com

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4673 Hollywood Blvd