Investment Overview
LOCATION, LOCATION, LOCATION
Allen Afshar of SVN is exclusively offering the sale of 980 North La Cienega Boulevard just south of Santa Monica Boulevard in West Hollywood, California.
The prime redevelopment is located in the most desirable city of West Hollywood. The property is strategically located just south of Santa Monica Boulevard with a heavily trafficked intersection of +/- 162,539 cars per day. High building and sign visibility with +/- 100 feet frontage along La Cienega Boulevard. The building size is +/- 18,807 SF including a vacant basement/storage on +/- 13,150 SF of corner double lot (one in Los Angeles with LA-C-2 zoning, one in West Hollywood with WD-C2A). It was built in 1956. This prime asset consists of retail, restaurant, office, and basement/storage of +/_ 2,570 SF which is included in the building size. Additional income generates from a billboard.
A MAJOR CANDIDATE FOR A REDEVELOPMENT PROJECT. APPROXIMATELY +/- 75% OF THE BUILDING DELIVER VACANT AT THE CLOSE OF ESCROW.
(BUYER TO VERIFY WITH THE APPROPRIATE CITY).
Investment Highlights
- Rare redevelopment opportunities
- Superb trendy location with fantastic demographics
- Excellent building and signage visibility.
- +/-100 feet on La Cienega Boulevard
- +/-18,807 SF building including 2,570 SF of the vacant basement.*
- +/-13,150 SF corner double lots.*
- WDC2A & LAC2 zoning.
- Additional income from a billboard.
- Minutes to the hottest part of West Hollywood.
- +/- 162,539 cars per day at the intersection of La Cienega Blvd and Santa Monica Blvd.
- * Buyer to verify any and all accuracy of information and building, and lot sizes with appropriate cites