for sale 4773 hollywood blvd. los angeles (los feliz), ca 90027 · 2016. 5. 6. · jesse muÑoz...

Key Investment Highlights• Highly visible location in Los Feliz on busy Hollywood Blvd.

• Favorable zoning for flexible redevelopment options.

• Walk Score® of 93; very dense trade area with desirable restaurants, shopping and services within walking distance of the Property.

• Pent-up demand for retailers and residential housing in the Los Feliz submarket.

• 32,543 cars per day at Hollywood Blvd. and Edgemont St.

• Property is easily accessible by public transportation with the Vermont/Sunset Red Line Metro Station less than a 10 minute walk away.

• 2.2 miles to the Golden State Freeway (I-5) and 2.5 miles to the Hollywood Freeway (CA-101).

Hollywood Blvd.

Hollywood Blvd.

Prospect Ave.

Vermont Ave.

BARNSDALLART PARK

Los Feliz Site For Sale

Asking Price: Submit Offer

Address: 4773 Hollywood Blvd.Los Angeles, CA 90027

APN: 5589-030-030

Building Area: ±9,000 SF

Land Area: ±28,498.4 SF (0.654 Acres)

Lot Dimensions: 135’ x 211.07’’

Building Height: 30’ or 2 Stories

Year Built: 1963

Construction: Masonry

Leased: 100%

Edgemont St.

Sunset Blvd.

A

B C

Plat Map

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

For more information: RICHARD G. ABDULIANManaging Directorrabdulian@ngkf.comT. 213.596.2255CalBRE #00884948

BOB CRENSHAWManaging Directorbcrenshaw@ngkf.comT. 949.608.2019CalBRE #00695049

JESSE MUÑOZSenior Vice Presidentjesse.munoz@lee-associates.comT. 310.312.4508CalBRE #01372980

FOR SALE4773 Hollywood Blvd.Los Angeles (Los Feliz), CA 90027

REDEVELOPMENT OPPORTUNITYHighest & Best Use

The Property’s favorable zoning allows for flexible redevelopment

options that could include commercial development, high-density

multifamily, or small-lot single family residential. However, the

highest and best use for the Property appears to be a medium

density of apartments, townhomes, condominiums and live/work

residential.

In addition to zoning, the Property is governed by provisions of

the Vermont/Western Transit Oriented District Specific Plan

Subareas A and B, allowing a developer to build all commercial or

add commercial elements to a mixed-use residential project with a

podium design along Hollywood Boulevard.

Hollywood Bl

Redevelopment ScenarioTOTAL UNITS: 32 (based on maximum allowed density)

PARCEL A:Specific Plan Subarea A

Lot: ±6,750 SF /1,500 SF (RD1.5) = 4.5 units

Gross FAR Land: ±6,750 SF (x) 3 = ±20,250 SF

- plus -PARCELS B & C:Specific Plan Subarea B (Residential or Mixed-Use)

Lot: ±21,748.5 SF / 800 SF (R3) = 27.19 units

Gross FAR Land: ±21,7748.5 SF (x) 2 = ±43,497 SF

- or -PARCELS B & C:Specific Plan Subarea B (Office/Retail)

Lot: ±21,748.5 SF (C1.5 ) Height: 35’

Gross FAR Land: ±21,748.5 SF (x) 1.5 = ±32,623 SF

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

For more information: RICHARD G. ABDULIANManaging Directorrabdulian@ngkf.comT. 213.596.2255CalBRE #00884948

BOB CRENSHAWManaging Directorbcrenshaw@ngkf.comT. 949.608.2019CalBRE #00695049

JESSE MUÑOZSenior Vice Presidentjesse.munoz@lee-associates.comT. 310.312.4508CalBRE #01372980

FOR SALE4773 Hollywood Blvd.Los Angeles (Los Feliz), CA 90027