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848-862 Vine St 9,255 SF 100% Leased Retail Building Los Angeles, CA 90038 $6,500,000 ($702.32/SF)
Investment Highlights
- Existing tenancy provides cash flow during entitlement and redevelopment
- Central location near Hollywood, Larchmont, West Hollywood, and DTLA
- Qualified Opportunity Zone and ZI-2374 State Enterprise Zone
- Commercial, residential, and mixed-use development potential
- Near major studios, production facilities, and creative employers
- Located within a High-Quality Transit Corridor
Executive Summary
A rare covered land opportunity in the heart of Hollywood offering existing cash flow, flexible commercial and residential zoning, and a layered housing incentive profile. Positioned within one of Los Angeles’ premier entertainment and employment districts, the Property offers multiple redevelopment strategies supported by transit access, walkability, and long-term neighborhood growth.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Building Size
9,255 SF
Year Built
1954
Price
$6,500,000
Price Per SF
$702.32
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
C2-2D-CPIO & R4-1VL-CPIO - Federal Opportunity Zone. [Q]C2-2D-CPIO (93%) | [Q]R4-1VL-CPIO (7%)
Parking
28 Spaces (3.03 Spaces per 1,000 SF Leased)
Frontage
132’ on Vine Street
Amenities
- Corner Lot
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 7
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