REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 8,700,000
Est. payment | /mo
0.31 Acres Lot
$ 8,700,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26661089
HOA Y/N No
Year Built 1923
Lot Size 0.310 Acres
Property Sub-Type Mixed Use
Property Description
We are pleased to present Verwood - a 12,946 square foot mixed-use retail and apartment building located at 4673 Hollywood Boulevard, ideally situated one parcel east of the northeast signalized corner of Hollywood Boulevard and Vermont Avenue in the heart of Los Feliz, California. Since 2017, ownership has invested more than $2 million in a comprehensive modernization program that included seismic upgrades, major electrical and plumbing enhancements, new HVAC, a roof replacement, facade improvements, extensive tenant buildouts, and the renovation of eight apartment units significantly enhancing safety, efficiency, and tenant appeal. The property is currently leased to six high-quality, internet-resistant retail tenants on triple-net leases with thirteen apartment units on the second story. The retail lineup has been carefully curated to reflect the neighborhood's creative and wellness-driven culture, with tenants including Kettl Tea (Brooklyn-based tea house), Old Gold Vegan Pizza (Sicilian-style pizza), Red Gate Bakery (critically acclaimed New York based bakeshop), Face Facial Bar (wellness spa), Studio-a-go-go (Lagree fitness studio), and Puppy Fades (dog grooming). Retail suites average just over 1,000 square feet, making them efficient and highly leasable spaces with limited tenant improvement requirements. Ten of the thirteen apartment units have been renovated, providing stabilized residential income with continued value-add potential through the repositioning of the remaining units.
Location
State CA
County Los Angeles
Area 637 - Los Feliz
Zoning LAC2
Interior
Fireplace No
Exterior
Total Parking Spaces 16
Building
Story 2
Others
Tax ID 5542001004
Special Listing Condition Standard
Listed by Mark Cianciulli The CREM Group #01990266
Nearby Locations