10
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$4,600,000
Est. payment /mo
Active
3800 W Beverly BLVD Los Angeles, CA 90004
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25622907
HOA Y/N No
Year Built 1927
Lot Dimensions Assessor
Property Description
This historic mixed use gem in Korea-town/East Hollywood offers a compelling blend of architectural charm and investment upside. NOTE - Seller may carry, currently no leases, 2 vacant units, future redevelopment upside. The Vermont Corridor Corner lot with two story commercial block retains many period details. Hallways lined with solid wood doors and stenciled glass panes evoke a vintage noir ambiance. while the exterior features brick, stone and decorative plaster accented with terracotta motifs. Original concrete construction, soaring ceilings and graceful arched windows lend the interior both character and grandeur. The 13,964 ft building sits on a high traffic corner at Beverly Boulevard and Vermont Avenue, where metro rail and bus lines converge, drawing significant pedestrian and vehicle flow. The ground floor is designed for retail, and the upper level houses flexible offices or apartments, embodying the mixed-use formula that served Los Angeles neighborhoods long before the term existed. Two units are currently vacant and there are no leases in place. NOTE - the seller is open to carrying financing, giving a new owner immediate flexibility and future redevelopment upside. Located in one of Korea-town / East Hollywood's busiest intersections, the property benefits from a Walk Score of 92 and strong transit and bike ratings. The surrounding neighborhood is known for its mix of luxury high-rise condos and historic structures, vibrant dining and nightlife, and central proximity to Downtown LA, Hollywood and West LA. Zoning (LAC2) allows a broad spectrum of commercial uses and even residential uses permitted in the R4 zone, including shops, studios, theaters, museums and other service establishments with its architectural character, flexible zoning, prime visibility and walkability, this property presents a rare opportunity for investors seeking stable income today and redevelopment potential tomorrow. The strategic location intersection of Beverly Boulevard and Vermont Avenue benefits from a Los Angeles Metro Station B line and four subway stops generating strong land rents. The building is one of the few such blocks remaining along mixed-use before it was fashionable. 3800 Beverly today sits on a busy corner with strong pedestrian and automobile traffic and is accessible to several bus routes and Metro lines. Nearby new construction of luxury retail and apartment sky-rises only steps away. Close to Lemon Grove, Historic Preservation Overlay Zone Melrose Hill, Franklin Hills, Hillhurst shopping and world-class dining, 2 mins to Los Feliz. East Hollywood is a vibrant, multicultural community known for its rich blend of global influences and creative energy. The neighborhood offers an eclectic mix of traditional eateries throughout Little Armenia and Thai Town, alongside modern farm-to-table restaurants, relaxed cafes, and lively LGBT-friendly nightlife. At the heart of the community sits Barnsdall Art Park, home to Frank Lloyd Wright's iconic Mayan-inspired Hollyhock House and the Los Angeles Municipal Art Gallery, where local artists regularly showcase their work. North Virgil Avenue features a collection of vintage shops and unique boutiques, while independent performing arts groups throughout the district contribute to the area's dynamic cultural landscape. Nearby by developments include Sage LA. Hundreds of new apartments are under construction in the neighborhood.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LAC2
Interior
Heating Baseboard
Fireplace No
Laundry Common Area
Exterior
Utilities Available See Remarks
Roof Type Concrete,Spanish Tile,Tile
Building
Story 2
Water Public
Others
Tax ID 5518033003
Security Features Carbon Monoxide Detector(s),24 Hour Security,Resident Manager,Smoke Detector(s)
Acceptable Financing Contract
Listing Terms Contract
Financing Conventional
Special Listing Condition Standard
Listed by John Scott John L. Scott Real Estate
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