$1,550,000
( $595.24Per Sq Foot )
 $8,321 est/mo Sourced by Back At You

4531 Santa Monica Boulevard , Los Angeles, CA 90029

Los Angeles, CA 90029

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Description

We are proud to present 4531 Santa Monica Blvd., which encompasses 2,604± square feet of light industrial warehouse space. The property is situated on 5,317± square feet of land in the City of East Hollywood, California. Zoned LAC2 and originally constructed in 1949, the building underwent renovation in 2023. Ownership has made strategic improvements, placing the space in rent-ready conditionsuitable for an owner-user to move in with nominal upgrades required or an investor looking to lease and immediately realize its income-generating potential. The property also includes space for up to eight secured car parking spots, with plenty of additional street-metered parking. In addition, certain capital improvements have been made, including an upgraded 200 AMP electrical panel, 4 circuit breakers, a gas shut-off valve, and a floor drain. In its current state, the property provides an open floor plan, allowing for a new owner to update the property into any configuration, with high 20+ foot ceilings, (2) 15-foot loading bay doors, a secured rear lot, as well as interior office space. This prefab a-frame, single-story light industrial warehouse building is constructed of steel beams, columns, and trusses with a corrugated metal shell. East Hollywood, California, is a vibrant and diverse neighborhood known for its unique blend of cultures, history, and ongoing revitalization efforts, particularly along Santa Monica Boulevard. Over the course of several years, East Hollywood has experienced significant growth and change which has been driven by a combination of factors: Urban Revitalization: Efforts to revitalize the area, particularly along Santa Monica Boulevard, have brought new life to East Hollywood. The neighborhood has seen an influx of new businesses, residential developments, and community spaces, all contributing to its transformation. Santa Monica Boulevard serves as a central artery, attracting both small businesses and large-scale projects. In addition, East Hollywood has become a focal point for new residential developments, with an increasing number of apartment complexes and mixed-use buildings. The demand for housing in Los Angeles, combined with East Hollywood’s central location and access to public transportation, has driven new construction projects and renovations of existing structures.

Details

MLS#SR24209623
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive Under Contract
Year1949
Days On Site33
Listing Provided ByEquity Union 805-892-8119 | Raymond Rodriguez

Features

SQ Feet2,604
Story(s)1
Building(s)1
ZoningLAC2
Acreage0.12

Market Activity 90029

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90029
AreaC21 Silver Lake Echo Park
Listing VS Median (in 90029)
Price:
$1,550,000
low | high
Med:
$1,099,500
79.064516129032% of Average
SqFt:
2,604
low | high
Med:
2,205
65.34178187404% of Average
$ / SqFt:
$595
low | high
Med:
$536
59.88466063769% of Average
On Site:
33
low | high
Med:
168.500000
19.584569732938% of Average
Sourced by Back At You
Listing Updated: October 29, 2024 at 12:48:05 PM PDT