Building Details

Year built 1995

Listing Agency: General Realty Group,Inc. d***@generalrealty.com

Listed By: Yeghia Kademian · License #00745974 Show Phone

Added: Sep 28 Changed: Nov 2 Last Checked: Nov 3 at 5:06PM

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MLS# SR26212007

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Investment Insights

Based on property information with market context.

This four-tenant strip mall was built in 1995 and has central air conditioning with electric cooling. The property is zoned LAC2, and tenants are on month-to-month leases. A pro forma cap rate of approximately 5.0% is cited.

The retail property occupies the corner of Hollywood Boulevard and Normandie Avenue in Los Angeles.

Key Highlights

• Four tenant spaces
• Built in 1995
• LAC2 zoning

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Coinsource Bitcoin ATM Atm Norwood Market Grocery & Convenience Store

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Tanning Salon Veterinary Clinic Restaurant Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

6,152

Businesses Nearby

Explore this area Business Placement

Demographics for 90027, CA

44,471

Population

24,267

Households

1.8

Avg Household Size

39

Median Age

58%

College-Educated

92%

High-School Grad

8.1 sq mi

ZIP Area

5,490

Density / Sq Mi

$90,532

Median Household Income

$53,526

Median Earnings

$1,904

Median Rent

$1,747,200

Median Home Value

Market

Vacancy Rate% for Retail in Los Angeles, CA

5.7% 2019

6.1% 2020

6% 2021

5.7% 2022

5.6% 2023

6% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - Four occupants operate under month-to-month leases at the Hollywood Boulevard and Normandie Avenue intersection.

Where is this strip mall located?

The property is located at 5070 Hollywood Boulevard Los Angeles, CA.

What is the asking price?

The asking price for this property is $3,995,000.

What are key features of this property?

This property features: Four tenant spaces; Built in 1995; LAC2 zoning