5151 Santa Monica Blvd Los Angeles, CA 90029
- Specialty properties
- 21,612 SF
- 0.50 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 5151 Santa Monica Blvd
- Year built
- 1911
- Lot size
- 0.50 lot acres
- Property size
- 21,612 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.301
- Latitude
- 34.091
