1167-1191 N Western Ave Local commercial 1 672 m² 95 % Loué À vendre Los Angeles, CA 90029 3 231 272 € (1 932,28 €/m²) Taux de capitalisation 6,06 %

Sean Nami is proud to present, 1167 North Western Boulevard, a 21-unit mixed use property in the heart of Hollywood - first time on the market in over 40 years. The corner lot building features fourteen (14) multifamily apartments and seven (7) retail commercial spaces on the ground floor. Situated just two blocks from Sunset Boulevard, it benefits from proximity to new major developments, including the 175,000 square foot Target Hollywood Shopping Center, and the upcoming Sunset-Western Mixed-Use Complex, which is in development with plans to introduce 735 apartments and 94,000 square feet of commercial and retail space to the area. The building offers ample gated on-site parking, ensuring convenience for residents and tenants alike. The building features an exceptionally high 93 Walk Score, designated as a “Walker’s Paradise” with an array of retail, dining, and entertainment option nearby the property

The offering is also priced attractively at a low $202 per square foot, presenting a valuable low cost basis investment opportunity. The property is well-maintained throughout the building and features recently remodeled and renovated retail units. Additionally, there is significant upside potential with over 32% upside in rents, making it an ideal prospect for investors seeking long-term value in a rapidly developing area. With Hollywood’s continued revitalization and the influx of new developments nearby, this property stands poised to benefit from both immediate cash flow and future appreciation.