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Land For Sale • 0.55 AC
110± unit mixed-use development site. 2-street corner frontage. 24,000± SF of land. East Hollywood/Koreatown/Silver Lake adjacent. Existing 14,000± SF medical/office building. Seller has approval from the City of Los Angeles to convert 7,000± SF of indoor parking into office. This would make the RBA closer to 21,000± SF. Located in qualified Opportunity Zone. TOC Tier 4. Per the seller, all leases have a demolition clause, or are short term. As the existing buildings are all commercial, there is no need to "Ellis Act" the existing tenants or make "Cash for Keys" payments to build. The project would be exempt from SB 330. Sale price TBD (call broker). Call for offers by November 5, 2021.
| Call For Offers by November 5, 2021 |
| 110± Unit Mixed Use Development Site with 7,000± SF of Ground Floor Retail |
| Within Walking Distance of Beverly/Vermont Metro Station |
| Zoned LA C2-2 & CM-1 |
| Qualified Opportunity Zone and Tier 4 TOC |
| Per the Seller, All Leases Have a Demolition Clause or Are Short Term |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) | 6 min | - | 3.7 mi |
| Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 3.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 0 min | 1 min | 0.1 mi |
| Vermont/Santa Monica Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 18 min | 1.0 mi |
| Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 20 min | 1.1 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 19 min | - | 11.5 mi |
| Los Angeles International | 26 min | - | 15.0 mi |
| Long Beach (Daugherty Field) | 34 min | - | 24.6 mi |
Oron Maher
Maher Commercial Realty
Oron Maher
Maher Commercial Realty
