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Hollywood Commercial Building 5454 Virginia Ave 11,194 SF Flex Building Los Angeles, CA 90029 $1,700,000 ($151.87/SF)

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INVESTMENT HIGHLIGHTS

Vibrant traffic area near Metro
Seller is non-profit seeking immediate sale
Download brochure for full details and auction registration form

Highly adaptable interior up to 27'-8" celiing height suitable for wide range of uses
Live Auction on Wednesday, April 9th, 2025

EXECUTIVE SUMMARY

LIVE AUCTION APRIL 9TH, 2025! Kennedy Wilson is offering a rare opportunity for unheard-of savings on this rare commercial building in Hollywood, CA in a vibrant traffic area near major transportation corridors in the East Hollywood/Silverlake Submarket area. According to the City of Los Angeles zoning ordinance, the C4 zone allows for a wide variety of uses such as Mixed Use, Retail, Churches, Schools, Theaters, Hotels,Broadcasting Studios, Parking, Offices, Hospitals/Clinics, Apartment Houses, Childcare, Homeless Shelter, and others (prospective buyers must independently confirm the permitted uses for this property with City of Los Angeles). This highly adaptable is well suited for an owner/user seeking superior access to studios, retail, restaurants and everything that Hollywood has to offer.
This property was donated to a nonprofit that is in development of another property and seeks immediate sale. Listing Price is starting bid price on auction day. All bids subject to seller acceptance. Property rented on MTM basis and will be delivered vacant.
Call broker to set up a tour and to access the due diligence vault. Download brochure for terms and conditions and copy of the auction registration form.
Seller willing to pay buyer's obligation to compensate its broker up to 2%.

5454 Virginia Brochure (Final v.2 with regiform)

PROPERTY FACTS

Price	$1,700,000	Lot Size	0.15 AC
Price Per SF	$151.87	Rentable Building Area	11,194 SF
Sale Type	Investment or Owner User	No. Stories	2
Property Type	Flex	Year Built	1924
Property Subtype	Showroom OfficeLoft Creative Space	Tenancy	Single
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,700,000
Price Per SF	$151.87
Sale Type	Investment or Owner User
Property Type	Flex
Property Subtype	Showroom OfficeLoft Creative Space
Building Class	C
Lot Size	0.15 AC
Rentable Building Area	11,194 SF
No. Stories	2
Year Built	1924
Tenancy	Single
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

PROPERTY TAXES

Parcel Number	5536-010-006	Improvements Assessment	$369,650
Land Assessment	$1,749,832	Total Assessment	$2,119,482

PROPERTY TAXES

Parcel Number

5536-010-006

Land Assessment

$1,749,832

Improvements Assessment

$369,650

Total Assessment

$2,119,482

ZONING

Zoning Code	LAC4 (Los Angeles C4 - permissive zoning usable for a wide range of businesses.)
LAC4 (Los Angeles C4 - permissive zoning usable for a wide range of businesses.)