4673 Hollywood Boulevard,Los Angeles, CA 90027
Los Angeles, CA 90027
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.
Details
| MLS # | 26661089 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 173 |
| Listing Provided By | The CREM Group | Mark Cianciulli |
Features
| SQ Feet | 12,946 |
|---|---|
| Story(s) | 2 |
| Units | 14 |
| Building(s) | 1 |
| Zoning | LAC2 |
| Acreage | 0.31 |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90027 |
| Area | 637 Los Feliz |
| Listing VS Median (in 90027) | |
Price: $8,700,000 low | high Med: $2,769,000 sqft: 12,946 low | high Med: 3,358 $ / sqft: $672 low | high Med: $825 On site: 173 low | high Med: 43 | |
Market Activity 90027
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90027 |
| Area | 637 Los Feliz |
| Listing VS Median (in 90027) | |
Price: $8,700,000 low | high Med: $2,769,000 sqft: 12,946 low | high Med: 3,358 $ / sqft: $672 low | high Med: $825 On site: 173 low | high Med: 43 | |
