Description
Welcome to 4537-4545 S. Santa Monica Blvd., a Ready to Issue (RTI) mixed-use development located in the trendy Virgil Village neighborhood of East Hollywood. The subject offering presents an investor with an excellent TOC 3 development site totaling +/-34,000 square feet situated on a 9,986 square foot lot. The building features 23 mostly two bedroom residential units with an average size of 755 square feet. +/-6,000 square feet of retail space makes this property ideal for multiple neighborhood uses. This project is also projected to produce an annual gross operating income of $1,080,792. The property is just one block from the corner of Santa Monica Blvd. and Virgil Avenue.
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School Ratings & Info
Description
Welcome to 4537-4545 S. Santa Monica Blvd., a Ready to Issue (RTI) mixed-use development located in the trendy Virgil Village neighborhood of East Hollywood. The subject offering presents an investor with an excellent TOC 3 development site totaling +/-34,000 square feet situated on a 9,986 square foot lot. The building features 23 mostly two bedroom residential units with an average size of 755 square feet. +/-6,000 square feet of retail space makes this property ideal for multiple neighborhood uses. This project is also projected to produce an annual gross operating income of $1,080,792. The property is just one block from the corner of Santa Monica Blvd. and Virgil Avenue.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-01-19T23:42:29.833. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.