1172-1178 N Western Ave
Los Angeles, CA 90029
East Hollywood Retail/Automotive Facility · Retail Property For Sale

Price reduced! Seller motivated! Hard to find automotive facility. Rents are under market, which creates a great value added opportunity for the buyer. High profile location at Western Avenue and the Hollywood (101) Freeway just 2 blocks north of Santa Monica Blvd. Adjacent to East Hollywood, Little Armenia, Sunset Gower Studios and Paramount Pictures. Minutes to Koreatown and Downtown Los Angeles. Heavy traffic signalized corner exposure. Opportunity to add value by increasing rents (7 tenants; all month-to-month). Possible multi-family or mixed-use development (LA C4 zoning allows many possible uses). Opportunity Zone (tax benefits)and TOC: Tier 3. Hollywood Redevelopment Project Area and Adaptive Reuse Incentive Area. Auto bay doors: 3 (two: 35'W x 10'H; one: 23'W x 10'H). 4 auto lifts. 4 electric meters (individually metered). 12± paved surface parking spaces. Traffic count (Western): 49,078 vehicles per day; Traffic count (101 Freeway): 228,155 vehicles per day. The owner occupies one unit and plans to vacate at the close of escrow. This is an ideal situation for an owner/user to move in and collect rents from six tenants.