5454 Virginia AveLos Angeles, CA 90029

Property Details for 5454 Virginia Ave

Year built

1924

Property size (Sq ft)

11,194 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional mixed-use property, located at 5454 Virginia Ave in Los Angeles, California, presents a compelling investment opportunity. The 11,194 square foot building, constructed in 1924, sits on a 6,795 square foot lot and boasts a C4-1VL zoning designation. Currently offered at $3,500,000, this represents a price per square foot of $313 and a land value of $515 per square foot. The property's pro-forma cap rate is projected at 5.67%. Its prime location at the intersection of Western Avenue and Virginia Avenue in the heart of Hollywood offers high visibility and convenient access to major freeways, production studios, trendy restaurants, and retail establishments. The flexible space is ideal for a variety of uses, making it attractive to both owner-users and investors seeking a strong return. This unique asset presents a rare chance to acquire a centrally located property in one of Los Angeles' most desirable neighborhoods. The property's APN is 5536-010-006 and the zip code is 90029. This is a value-add opportunity with significant potential for future appreciation.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0917

Longitude

-118.309

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