4850 Hollywood Blvd, Los Angeles, CA 90027

Property Description

Apex Properties is pleased to present this existing strip center for sale with major development potential. The land size is 38,582 sq. ft. The land is zoned C-2 with the southerly approx 50 ft of the parcel zoned R-1.5. There are major developments springing up all around the site. Most leases are short term or month to month. There are 2 leases whose terms expire in January 2020 - these are the longest remaining lease terms. The property enjoys frontage on Hollywood Blvd of over 265 feet and the depth of the lot is approximately 157 ft. The property is located on SE corner of the signalized intersection of Hollywood Blvd and Edgemont St in the red hot rental market of Los Feliz near Silverlake and Hollywood. Major retailers all around the site. There is a proposed development of 200 apartment units on the SW corner of Hollywood and Edgemont working its way through the entitlement process with the city. Kaiser Permanente is one block to the south providing a major employment base in the area.