1616 Beverly Blvd & 118 Union Pl
Los Angeles, CA 90026
1616 Beverly Blvd & 118 Union Pl · Office Property For Sale

Fantastic vacant office building for sale. Fantastic creative office space, owner user offices, storage, production, or development. List price of $5,495,000 has just been reduced due to soil report & difficult financing to a range $4,490,000 obo. Please contact Brandon Long direct for reports & incentives. Possible partial seller financing available as well. Accepting cash offers to sell the property "as is". Located near Hollywood and Downtown LA, near the 110 and 101 freeways. This Building is Zoned C2 with an additional gated parking lot zoned LAR3 with residential development potential. Direct access to the Building from the secure parking lot, open floor plan throughout. The first floor offers roughly 7,600 sq/ft of open office space with views. The second floor offers roughly 7,900 sq/ft of open space with views, with an additional 1,700 sq/ft of office space on the third. Third floor also offers fantastic views with an incredible roof top opportunity. The two parcels cover just over 20,000 sq/ft with the building sitting on 8,000 sq/ft and the parking lot covering just over 12,000 sq/ft. This is a fantastic opportunity for an owner user or investor to purchase a beautiful building at a significant savings. Seller is out of area and prefers to sell the property. Property value, interest, and escrows have been near 5.5m prior to reports.