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1000 Seward St 7,944 SF 100% Leased Office Building Los Angeles, CA 90038 For Sale
EXECUTIVE SUMMARY
Savills is pleased to present the opportunity to acquire a rare .79 acre development site located at the intersection of Seward and Romaine
in the dynamic Hollywood submarket of Los Angeles. The property offers a high-profile location on Seward across the street from
Baranof Holding’s proposed self-storage development, Hudson Pacific’s 16.5 acre Sunset Las Palmas Studios, and is surrounded by dense
neighborhoods.
Hollywood has rapidly become one of the most dynamic real estate markets in Southern California with the planned development of over
4,000 new housing units that reflects the district’s rapid growth, with residential asking rents averaging 19% higher than the citywide
average. Of these new units, 12% will be designated as affordable housing, further contributing to Hollywood’s evolving residential landscape.
Additionally, over $3 billion in public and private developments will break ground. These include large scale Multi-family, Mixed Use, Office,
Retail, and Hotels projects. Hollywood is a vibrant “live, work, play” community, and it remains a hub for residents and visitors alike, rich in
history and artistic expression.
With a centralized location in a market characterized by high density development, strong demand, and limited supply, the site is ideal for
developers, and investors seeking an infill development opportunity
in the dynamic Hollywood submarket of Los Angeles. The property offers a high-profile location on Seward across the street from
Baranof Holding’s proposed self-storage development, Hudson Pacific’s 16.5 acre Sunset Las Palmas Studios, and is surrounded by dense
neighborhoods.
Hollywood has rapidly become one of the most dynamic real estate markets in Southern California with the planned development of over
4,000 new housing units that reflects the district’s rapid growth, with residential asking rents averaging 19% higher than the citywide
average. Of these new units, 12% will be designated as affordable housing, further contributing to Hollywood’s evolving residential landscape.
Additionally, over $3 billion in public and private developments will break ground. These include large scale Multi-family, Mixed Use, Office,
Retail, and Hotels projects. Hollywood is a vibrant “live, work, play” community, and it remains a hub for residents and visitors alike, rich in
history and artistic expression.
With a centralized location in a market characterized by high density development, strong demand, and limited supply, the site is ideal for
developers, and investors seeking an infill development opportunity
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,944 SF
Building Class
C
Year Built
1937
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,944 SF
Slab To Slab
11’
Building FAR
0.74
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
LAMR1 - Limited Industrial
Parking
25 Spaces (3.14 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 5533-012-025 | Improvements Assessment | $2,237,374 |
| Land Assessment | $3,906,529 | Total Assessment | $6,143,903 |
PROPERTY TAXES
Parcel Number
5533-012-025
Land Assessment
$3,906,529
Improvements Assessment
$2,237,374
Total Assessment
$6,143,903
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1000 Seward St
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