$1,550,000
4531 Santa Monica BLVD Los Angeles, CA 90029
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$1,550,000
Est. payment /mo
5,318 Sqft Lot
Active Under Contract
4531 Santa Monica BLVD Los Angeles, CA 90029
UPDATED:
10/29/2024 07:43 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SR24209623
HOA Y/N No
Year Built 1949
Lot Size 5,318 Sqft
Lot Dimensions Public Records
Property 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 condition—suitable 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.
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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAC2
Interior
Fireplace No
Laundry None
Exterior
Total Parking Spaces 8
Building
Lot Description Walkstreet
Story 1
Water Public
Others
Tax ID 5542026040
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
Listed by Raymond Rodriguez • Equity Union • 818-581-5829