Los Angeles CA Real Estate & Commercial for Sale

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.

Welcome to 248 S Hobart Blvd, an exceptional 8-unit apartment building located in the heart of Koreatown, one of Los Angeles' most vibrant and high-demand rental markets. Built in 1928, this charming property offers a vintage aesthetic while benefiting from recent upgrades, including a new roof (2020), exterior paint and patching (2020), and updated electrical systems (2022-2023). The building consists of eight spacious 2-bedroom, 1.25-bath units, each approximately 920 sq. ft., spread across two floors. All units are separately metered, providing operational efficiency. Current rents are significantly below market, offering substantial upside potential as units turn over. Pro forma rents project income growth to over $17,600 per month, supporting a pro forma cap rate of 6.64%. Situated on a 10,386 sq. ft. lot with R3-1 zoning, the property totals 7,359 sq. ft. of building space. Residents enjoy easy access to local amenities including renowned restaurants, shopping, markets, schools, and public transit - just blocks from the Metro Red and Purple lines. The property's walkable location, one block off Western Avenue, makes it highly desirable for tenants seeking convenience and connectivity. Ideal opportunity for investors seeking stable cash flow, low vacancy, and strong long-term upside in one of Los Angeles' most dynamic rental submarkets.

We are excited to present to you this once in a generation opportunity to acquire and redevelop a 3-lot assemblage spanning 0.48 acres of land (21,000 square feet) zoned LAC2. In the highly sought-after Greater-Wilshire neighborhood, the sites are located at 4623-4631 Beverly Blvd. These lots have been under the same family's ownership for more than 50 years, signifying the rare opportunity available to developers. The current structures are vacant and have been vacant for more than 3 years, there will be no housing replacement requirements due to the structures that will be demolished. Additionally, due to the central location and the impressive 97 walk score, the sites are given Tier 3 status of the Transit Oriented Communities (TOC) incentive program, further increasing the development potential. Developers can build up to 91 units with a building envelope of 73,121 square feet on the sites. Using the TOC incentives to achieve this unit count and building envelope comes with a requirement of at least 10% of the units being set aside for low-income families. That equates to a minimum of 9 affordable housing units when building the maximum 91 units, leaving 82 market-rate units without any rent control limitations.