6842 W Sunset Boulevard, Los Angeles, CA 90028
Property
Sold October 2023
Listing Agent: Tim Steuernol (DRE #01742766) · Listing Office: NAI Capital Commercial Inc. · Contact: 818-905-2400 · Bought with: Tim Steuernol · NAI Capital Commercial Inc. · MLS #23259223 · Source: CRMLS
About this property
Welcome to 6842 W Sunset Blvd, a prime repositioning opportunity situated on one of the most iconic and high-traffic streets in Los Angeles. Located in the heart of Hollywood, a vibrant and sought-after neighborhood, this property offers a rare opportunity for business owners or developers to be a part of the continued transformation of this area and establish themselves in a highly desirable location with excellent visibility and access. Originally built as a duplex with two large 3+ bedroom units, the building was most recently used as medical office space for the seller's podiatry practice. While currently in need of some significant rehab, this property could be perfect for a variety of commercial uses such as retail, restaurant, or office space. This property benefits from a very dense immediate population and strong underlying demographics. A population of over170,000 people within a 2-mile radius and an average household income near $100,000.Located within the Tier 3 Transit Oriented Community (TOC),Opportunity Zone and State Enterprise Zone, this property offers a wide array of both building and business incentives including density bonuses, tax breaks and relaxed parking requirements. The surrounding area is undergoing a continued redevelopment boom (see the development pipeline map) that will only serve to benefit this property and area. This opportunity is perfect for any creative investor, operator, or developer. It is offered to the market as a Probate Sale with no court confirmation required.
Listing description from the October 2023 sale, as reported to CRMLS.
Sale history