Lucrum Real Estate Group is proud to present 4531 Santa Monica Blvd., which encompasses 2,604± square feet of light industrial warehouse space. The property is situated on 5,317± square feet of land in the City of East Hollywood, California. Zoned LAC2 and originally constructed in 1949, the building underwent renovation in 2023. Ownership has made strategic improvements, placing the space in rent-ready condition—suitable for an owner-user to move in with nominal upgrades required or an investor looking to lease and immediately realize its income-generating potential. The property also includes space for up to eight secured car parking spots, with plenty of additional street-metered parking.
In addition, certain capital improvements have been made, including an upgraded 200 AMP electrical panel, 4 circuit breakers, a gas shut-off valve, and a floor drain.
In its current state, the property provides an open floor plan, allowing for a new owner to update the property into any configuration, with high 20+ foot ceilings, (2) 15-foot loading bay doors, a gated and secured rear lot, as well as interior office space. This prefab a-frame, single-story light industrial warehouse building is constructed of steel beams, columns, and trusses with a corrugated metal shell.
East Hollywood, California, is a vibrant and diverse neighborhood known for its unique blend of cultures, history, and ongoing revitalization efforts, particularly along Santa Monica Boulevard.
Over the course of several years, East Hollywood has experienced significant growth and change which has been driven by a combination of factors.
Urban Revitalization: Efforts to revitalize the area, particularly along Santa Monica Boulevard, have brought new life to East Hollywood. The neighborhood has seen an influx of new businesses, residential developments, and community spaces, all contributing to its transformation. Santa Monica Boulevard serves as a central artery, attracting both small businesses and large-scale projects.
In addition, East Hollywood has become a focal point for new residential developments, with an increasing number of apartment complexes and mixed-use buildings. The demand for housing in Los Angeles, combined with East Hollywood’s central location and access to public transportation, has driven new construction projects and renovations of existing structures.
The expansion of public transit options, including the Metro Red Line, has made East Hollywood more accessible. The proximity to key transportation hubs has attracted new residents, particularly those seeking more affordable living options compared to adjacent neighborhoods like Los Feliz and Silver Lake.
As East Hollywood continues to grow, city leaders have made Santa Monica Boulevard a focal point and played a pivotal role in the neighborhood’s revitalization.
Due to this focus, Santa Monica Boulevard has seen a resurgence of commercial activity, with an increase in restaurants, cafes, bars, and retail shops. Many of these businesses cater to the diverse community, offering a wide range of cuisines, products, and services. This commercial revitalization has made the area more attractive for both residents and visitors.
The area has embraced its cultural diversity, with various cultural hubs and artistic spaces emerging along Santa Monica Boulevard. The boulevard hosts events, art exhibitions, and community gatherings that reflect the neighborhood’s eclectic character. The historic Barnsdall Art Park, located nearby, further enriches the cultural landscape of East Hollywood.
There have been ongoing efforts to improve infrastructure along Santa Monica Boulevard, including streetscape enhancements, pedestrian-friendly initiatives, and public safety improvements. These efforts have made the boulevard more accessible and appealing, encouraging foot traffic and economic activity.
East Hollywood, especially the area surrounding Santa Monica Boulevard, continues to evolve as a dynamic and diverse part of Los Angeles. The neighborhood’s growth, revitalization efforts, and cultural richness make it an increasingly attractive place to live, work, and visit. As East Hollywood navigates the challenges of urban development, it remains a unique and vibrant community within the broader Los Angeles landscape.
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