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7441 W Sunset Blvd

Los Angeles, CA 90046
  • $12,950,000
  • STATUS: Active
  • ON SITE: 53 Days
  • ID#: 22-207859
$12,950,000
  • 0
    BEDS
  • 0.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

CBRE, Inc. as exclusive advisor is pleased to present for sale the NEC of Sunset & Gardner in Hollywood, a mixed-use development opportunity. The site is comprised of 32,451 square feet of land and boasts an excellent Walk Score of 96 out of 100. It is in close proximity to an abundance of shopping, employment, restaurant, destination nightlife, and entertainment options. The current improvements include five buildings and a surface parking lot. The buildings are 12% occupied with three tenants, including an income producing billboard, that generate an annual gross income of over $72,000. All tenants are on month-to-month leases. The leases can be reviewed in the data room website. The site is zoned C4-1D and qualifies for TOC Tier 1 benefits. If these benefits are applied, then the site would provide for approximately 92,488 F.A.R. square feet. However, if the current version of the Hollywood Community Plan Update (CPIO) is implemented then the F.A.R. square footage would be 100,896. Additional APNs: 5550-013-014, 5550-013-015, and 5550-013-019-022. Full address of the property is 7441-7499 W Sunset Boulevard and 1502-1512 N. Gardner Street, Los Angeles, CA 90046.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-04T23:42:40.083. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.realestatetoolbox.com/homes/133890580
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7441 W Sunset Blvd Los Angeles, CA 90046

  • Price: $12,950,000
  • Status: Active
  • On Site: 53 Days
  • ID#: 22-207859
0
Beds
0
Baths
0
½ Baths
0.74
Acres
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
CBRE, Inc. as exclusive advisor is pleased to present for sale the NEC of Sunset & Gardner in Hollywood, a mixed-use development opportunity. The site is comprised of 32,451 square feet of land and boasts an excellent Walk Score of 96 out of 100. It is in close proximity to an abundance of shopping, employment, restaurant, destination nightlife, and entertainment options. The current improvements include five buildings and a surface parking lot. The buildings are 12% occupied with three tenants, including an income producing billboard, that generate an annual gross income of over $72,000. All tenants are on month-to-month leases. The leases can be reviewed in the data room website. The site is zoned C4-1D and qualifies for TOC Tier 1 benefits. If these benefits are applied, then the site would provide for approximately 92,488 F.A.R. square feet. However, if the current version of the Hollywood Community Plan Update (CPIO) is implemented then the F.A.R. square footage would be 100,896. Additional APNs: 5550-013-014, 5550-013-015, and 5550-013-019-022. Full address of the property is 7441-7499 W Sunset Boulevard and 1502-1512 N. Gardner Street, Los Angeles, CA 90046.
Exterior Features

Cross Streets N Gardner Street Lot Location Corner Lot Lot Size Area 32451 Road Frontage 121 Feet On Sunset Boulevard View Description City Lights View YN Yes

Property Features

Cable YN No Sale Type Standard Source Lot Size Area Other Zoning C4-1D

Listing provided courtesy of Laurie Lustig DRE#00979360 of Laurie J. Lustig: 310-550-2500.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-04T23:42:40.083. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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