Hollywood (C20) Homes with Retail Subtype

Hollywood (C20) Homes with Retail Subtype

Welcome to Hollywood, the iconic heart of Los Angeles, California! Known for its vibrant entertainment scene, Hollywood is a neighborhood where the glitz and glamour of the film industry meet the charm of residential living. Nestled in the Los Angeles County, this area is not just a destination for tourists seeking the magic of movie stars; it’s also a thriving community that offers a unique blend of urban convenience and suburban comfort.

Hollywood is characterized by its rich history, with landmarks like the Hollywood Walk of Fame and the historic TCL Chinese Theatre drawing millions of visitors each year. Yet, beyond the bright lights and bustling streets, Hollywood boasts a diverse range of homes, particularly those with a retail subtype. These properties provide an exceptional opportunity for residents looking to combine living and working spaces seamlessly. Imagine stepping out of your front door and into a vibrant retail environment, where you can enjoy local cafes, boutique shops, and art galleries—all just a stone's throw away.

The housing options in Hollywood are as varied as its residents, from charming bungalows to modern condos, many of which feature unique architectural styles that reflect the area’s artistic spirit. With a strong sense of community and an array of amenities, Hollywood is not just a place to live; it’s a lifestyle. Whether you’re a budding entrepreneur or simply looking for a home that offers the best of both worlds, Hollywood’s homes with retail subtypes provide an unparalleled opportunity to thrive in one of the most dynamic neighborhoods in Los Angeles. Come and experience the magic of Hollywood living!

Newest Hollywood (C20) Homes with Retail Subtype

$1,740,000
DW26149553 MLS Active Status
4703 Melrose Avenue consists of approximately 4,018 square feet of retail/storefront space and benefits from strong street visibility, steady pedestrian activity, and excellent frontage on a signalized corridor. The property is 100% occupied with well-seasoned tenants, some of whom have been at this location for a decade or more. The current cap rate is 5.8%, with four out of the five tenants on month-to-month leases, providing flexibility to an investor. Its corner positioning and flexible unit sizes create significant leasing upside for both investors and owner-users. The property is well suited for neighborhood-serving retail, food and beverage, service-oriented businesses, or boutique commercial tenants seeking exposure in a dense infill market. Small format retail spaces in this submarket continue to command strong tenant demand due to limited supply and high consumer density. With convenient access, established surrounding businesses, and long-term redevelopment potential, the property offers both stable income and future value-add opportunities. This multi-tenant retail property is located along the highly trafficked Melrose Avenue corridor in East Hollywood, one of Los Angeles’ most active urban retail submarkets. Melrose Hill is a dense residential and commercial neighborhood just east of Hollywood and west of Silver Lake. The area is known for its diverse population, strong local retail demand, and high daily traffic generated by surrounding residential communities, employment centers, and nearby entertainment districts. The area continues to benefit from ongoing revitalization and growing demand from both local and regional consumers. Positioned along the iconic Melrose Avenue corridor, the property enjoys direct access to major Los Angeles thoroughfares including Western Avenue, Santa Monica Boulevard, and the US-101 Freeway. The location provides efficient connectivity to Hollywood, Koreatown, Downtown Los Angeles, and Silver Lake, making it a strategic site for retail, service, and mixed-use commercial activity. The surrounding neighborhood’s strong walkability, transit accessibility, and population density support consistent consumer traffic and long-term commercial viability.

4703 Melrose, Los Angeles

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