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848-862 Vine St 10,012 SF 100% Leased Retail Building Los Angeles, CA 90038 $6,500,000 ($649.22/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
Retail
Property Subtype
Freestanding
Building Size
10,012 SF
Building Class
C
Year Built
1954
Price
$6,500,000
Price Per SF
$649.22
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
[Q]C2-2D-CPIO - [Q]C2-2D-CPIO
Parking
20 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5534-030-024 | Improvements Assessment | $164,721 |
| Land Assessment | $399,595 | Total Assessment | $564,316 |
Property Taxes
Parcel Number
5534-030-024
Land Assessment
$399,595
Improvements Assessment
$164,721
Total Assessment
$564,316
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