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

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%.