1646 N Las Palmas Ave 7,584 SF Vacant Retail Building Los Angeles, CA 90028 $5,995,000 ($790.48/SF)

Dan Sanchez of Engel & Volkers proudly presents an incredible development opportunity that has exceptional visibility on a prominent hard corner intersection of Hollywood Blvd & Las Palmas. Located in the highly desirable submarket of Hollywood, this infill location boasts a high level of demand with high barriers to entry.
This iconic site can be reimagined into a first-class mixed-use or multi-family development as the site is located in a Tier-4 Transit Oriented Community that provides the highest range of density with possible unit bonuses. Additionally, the site is located in the Adaptive Reuse Incentive Area per Zimas. The property is well positioned near major attractions and studios including Hollywood & Highland, Dolby Theatre, El Capitan Theatre, Pantages Theatre, Paramount Studios, Netflix, NBC Universal, Disney, Warner Bros., and several others.
The intersection has an average daily traffic count of 31,000 vehicles per CoStar statistics. The site offers easy access to the Westside, DTLA and the San Fernando Valley. Its strategic location provides close proximity to the Hollywood/Western Metro Rail and convenient access to major commuter routes, including the 101 freeway.