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Prime Corner Lot in Hollywood
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5151 Santa Monica Blvd, Los Angeles, CA 90029

Corner lot in East Hollywood near the 101 freeway.

Property Size21,612 SF
Lot Size0.50 Acres
Price / SF$192.02
Days on Market734

Property Features for 5151 Santa Monica Blvd

General Information

Standard status Active
Size 21,612 SF
Lot size 0.50 Acres
Property subtype Land, Mixed Use, Retail, Special Purpose
Zoning C2-1D & RD.15

Building Details

Year Built 1911
Stories 2
Listing Agency: NAI Capital HQ
Listed By: Jared Swedelson · License #CA 02105146
Source: Crexi
Added: Aug 5, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Capital HQ

Investment Insights

Based on property information with market context.

This corner lot is located in the heart of East Hollywood, conveniently situated near the 101 freeway. The area is near restaurants, homes, new developments, and Hollywood Studios. The site is zoned C2(d) & RD1.5 and classified as a TOC 3. The property is suitable for owner/user opportunities, ground-up development, or investment purposes. The property has 21,612 square feet of land.

Key Highlights

  • Seller financing available.
  • TOC 3 designation offering development incentives.
  • C2(d) & RD1.5 Zoning allows for diverse development possibilities.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Real Estate Agency Tanning Salon (Bike/Boat/Book/etc) Store Veterinary Clinic 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.

Location Intelligence

Trade Area within ½ mile

6,522
Businesses Nearby

Demographics for 90029, CA

34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Corner lot in East Hollywood near the 101 freeway.
Where is this commercial land located?
The property is located at 5151 Santa Monica Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: Seller financing available.; TOC 3 designation offering development incentives.; C2(d) & RD1.5 Zoning allows for diverse development possibilities.
(818) 742-1632 Call to check price and availability
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