6174 Santa Monica Blvd, Hollywood, CA 90038

Property Description

Great visibility and frontage of Mixed-Use Commercial Retail/ Flex/Residential property. Opportunity exists for either Investor, Owner-User, or Developer. Easy freeway access, located in the heart of Hollywood, near Studios and on the signalized southeast corner of Santa Monica Blvd and El Centro Ave. This site consists of two structures. Tenant #1 currently leases building #1 (with ground level retail space of approximately 2,750 square ft) known as 6174 and 6176 Santa Monica Blvd, "retail furniture store known as Vintage Concept”, and also leases the upstairs two bedroom apartment known as 1076 El Centro Ave being approximately 1,375 square feet. Tenant in Building #1 has lease term ending June 30th 2023. Building number 2 , (2,080 square feet) is a free standing building at 1072 El Centro Ave and tenant has received a notice to vacate due to sale of property and to be delivered empty. The entire property has five private parking spaces, two (possibly 3) spaces located in a secure gated area between the two buildings, two additional tandem spaces located at the rear of the El Centro building, and 1 drive in space within the Warehouse. This Hollywood neighborhood is currently undergoing new development. There is new construction of a building directly across the street on the southwest corner of Santa Monica Blvd and El Centro. This property being offered for sale has amazing upside potential with Santa Monica Blvd being a main Los Angeles thoroughfare that runs through Hollywood, West Hollywood, and Beverly Hills. This property is said to be within the enterprise zone. Seller willing to carry a 1st Trust Deed for up to 5 years at 6% interest only. Building number 1 is reported to be built in the 1930's, and Building number 2 is reported to be built in the early 1960's.