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    5151 Santa Monica Blvd Los Angeles, CA 90029

    Sponsored
    For Sale
    $4,150,000

    Prime East Hollywood location, high potential.

    Property size:
    21,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 5151-5153 Santa Monica Blvd in Los Angeles, CA 90029, presents a compelling investment opportunity. The 0.5-acre lot encompasses 21,612 square feet of land, currently improved with a two-story, 1911/1913-built auto shop and parking garage. The property is zoned C2-1D & RD.15, offering considerable flexibility for redevelopment or continued use as an auto-related business. The asking price is $4,150,000, translating to $192.02 per square foot. Its prime corner location in the heart of East Hollywood provides convenient access to the 101 freeway, nearby restaurants, upscale residences, and major entertainment studios. Seller financing is available, making this an attractive proposition for developers, investors, and owner-users seeking a strategic foothold in a rapidly appreciating market. The property's APN numbers are 5537-015-031, 5537-015-030, 5537-015-034, and 5537-015-029. This unique offering combines existing income potential with significant upside for future development in a highly desirable area.

    Property Features for 5151 Santa Monica Blvd

    General Information

    Property type
    Automotive properties
    Square Feet
    21,612 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1911
    Stories
    2

    HighLights

    • Seller financing considered.
    • Excellent opportunity for developers, investors, and owner‑occupants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3014838
    Latitude
    34.0909503

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    FAQs

    What type of property is this?
    Automotive property - Prime East Hollywood location, high potential.
    Where is this automotive property 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 considered.; Excellent opportunity for developers, investors, and owner-occupants.;
    Request Owner's contact information
    5151 Santa Monica Blvd Los Angeles, CA 90029
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5151 Santa Monica Blvd Los Angeles, CA 90029
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