738 N Highland Ave 1,900 SF Retail Building Los Angeles, CA 90038 $1,999,000 ($1,052.11/SF)

738 N Highland Ave represents an exceptional owner-user or investment opportunity in the heart of the highly desirable Hollywood Submarket. Recently reduced in price to $1,999,000, this offering presents a compelling value opportunity with a highly motivated seller seeking a timely transaction.
The 1,900 SF building is perfectly positioned for high-value retail concepts and is ideally built out for a cannabis dispensary, with extensive security infrastructure already in place. Situated in the vibrant Hollywood Media District, the property is surrounded by an eclectic mix of acclaimed restaurants, art galleries, creative offices, and production studios. The site benefits from outstanding visibility and exposure, with average daily traffic volumes exceeding 45,000 vehicles along N Highland Avenue.
The property's existing improvements include bank-vault-level security features, such as a reinforced security room, anchored heavy-duty safe, surveillance loft, and secured gated access, significantly reducing startup costs for dispensary operators or other security-conscious retailers. In addition to its dispensary-ready configuration, the asset is well-suited for a premium jewelry store, high-end smoke shop, or upscale convenience retailer.
The property also provides access to an affluent customer base, with an average household income of $126,734 within a one-mile radius and offers the rare convenience of six on-site surface parking spaces with secured gated entry.