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737-747 N Western Avenue

737-747 N Western Avenue
Los Angeles, CA 90029

737-747 N Western Avenue
Price: $7,000,000 Zoning: LAC4-1D
Land SF: 22,803 SF Entitlements: 7,700 SF Retail | 51 Apt Units
Land Price/SF: $334.22 Parking: 20 Spaces
Year Built: 1921 Property Type: Land Development
Click for Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

Price: $7,000,000
Land SF: 22,803 SF
Land Price/SF: $334.22
Year Built: 1921
Zoning: LAC4-1D
Property Type: Land Development
Entitlements:  7,700 SF Retail | 51 Apt Units
Parking: 20 Spaces
Click for Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

737-747 N Western Avenue
737-747 N Western Avenue

Investment Highlights

FULLY ENTITLED DEVELOPMENT OPPORTUNITY 
Fully Entitled Mixed Use Project- 51 Units + 7,700 SF of Storefront Retail.

 

HOLLYWOOD CORNER LOCATION
Hollywood is the hub of Los Angeles entertainment, offering world-class retail, red carpet movie premieres and celebrated live theatre. No other corner of LA is steeped in as much mythology as Hollywood. It’s here that you’ll find the Hollywood Walk of Fame, the Capitol Records Tower and Grauman’s Chinese Theatre, where the hand- and footprints of entertainment deities are immortalized in concrete.

  • REVITALIZATION OF HOLLYWOOD
  • 25 million visitors annually, averaging 5,000 people per hour
  • Metro Red Line serving 137,000 riders each day with direct access for the growing 50,000 residents of downtown Los Angeles
  • Tremendous revitalization in Hollywood over the past decade, 4.8 billion dollars has been invested since 2000
    by developers of multifamily, commercial, and hospitality
  • Creative businesses are taking root in Hollywood due to its access to the Metro, city life, and live/work spaces

SIGNIFICANT FOOT TRAFFIC
737-747 N Western Avenue has a score of 89/100 for walkability. Iconic retailers and trendy/hip boutiques and restaurants populate Melrose Avenue and it is a popular haven for the rich and famous.