4545-4537 Santa Monica Blvd, Los Angeles, CA 90067
FOR SALE

4545-4537 Santa Monica Blvd
Los Angeles, CA 90067

Hollywood

      $2,195,000

      Est. Mortgage $13,939/mo*
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      Local Information

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      Description

      We are pleased to present a 9,986 square foot redevelopment site that is ideal for ED1 located at 4541-4545 Santa Monica Boulevard in Los Angeles, California. The subject property is situated in a prime Virgil Village location two (2) blocks away from Silver Lake, west of Virgil Avenue and north of Santa Monica Boulevard. This offering is positioned on two (2) parcels totaling 9,986 square feet (SF) of land with a zoning ordinance of LAC2-1D where the D suffix is a limitation to the buildable area of the lot, and for conformance to the Vermont/Western Station Neighborhood Area Plan (SNAP). The property is a rare corner, double-lot along Santa Monica Boulevard with two (2) points of access for easy development. The current building is vacant, ready for immediate entitlement process under Executive Directive 1 (ED1). Under the State Density Bonus program CA Code 65915(f)(3)(a)(ii) and pursuant to ED1, the site has no maximum density when qualified as a 100% affordable development (b)(1)(G). Utilizing these guidelines, there is ample potential to design a project at almost any scale, up to around one hundred twelve (112) units while keeping the project under "high-rise" qualifications. Additionally, the site is AB 2097 eligible, meaning there is no minimum parking requirement for ED1 designs, Buyer to verify. The location carries strong market fundamentals, ranking as one of the highest LA County submarkets for apartment unit market absorption. Positioned in a prime Virgil Village location two (2) blocks away from Silver Lake, this offering presents a rare opportunity for an astute developer to capitalize on redeveloping a rare corner, double-lot under ED1 in a core market of Los Angeles.

      Home Highlights

      Parking
      No Info
      Outdoor
      No Info
      A/C
      Contact Manager
      HOA
      None
      Price/Sqft
      No Info
      Listed
      19 days ago

      Home Details for 4545-4537 Santa Monica Blvd

      Interior Features

      View
      Has a ViewView: City

      Exterior Features

      Frontage
      Road Surface Type: Asphalt
      Surface & Elevation
      Topography: Flat

      Days on Market

      Days on Market: 19

      Property Information

      Property Type / Style
      Property Type: LandProperty Subtype: Unimproved Land
      Building
      Has Additional Parcels
      Property Information
      Usage of Home: Under ED1, there is Potential to Build Up to 112 Residential Units while Staying Under "High-Rise" Qualifications

      Price & Status

      Price
      List Price: $2,195,000

      Active Status

      MLS Status: Active

      Location

      Direction & Address
      City: Los Angeles

      Agent Information

      Listing Agent
      Listing ID: 24-378603

      Lot Information

      Lot Area: 10018.8 sqft

      Listing Info

      Special Conditions: Standard

      Compensation

      Buyer Agency Commission: 2Buyer Agency Commission Type: %
      Notes
      The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

      Miscellaneous

      Mls Number: 24-378603
      Last check for updates: 1 day ago
      Listing courtesy of Jason Tuvia DRE # 01772495, (818) 448-4415
      Marcus & Millichap, (818) 212-2700
      Source: CLAW, MLS#24-378603

      Price History for 4545-4537 Santa Monica Blvd

      DatePriceEventSource
      04/10/2024$2,195,000Listed For SaleCLAW #24-378603

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      Neighborhood Overview

      Hollywood
      See Local Highlights
      Neighborhood stats provided by third party data sources.

      What Locals Say about Hollywood

      • Lou
        "Nothing it’s garbage. Dog poop everywhere. No parking. Trash everywhere. Can’t wait to move out of here. Traffic is insane too"
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      • Sugar1975
        "Friendliest families that have lived on Lemon Grove and Hobart for over 15 years. Lemon Grove Park and Melrose Hills make for a nice late afternoon walk with our two toddlers. "
        0
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      • R
        "It’s an evolving neighborhood that with gentrification its becoming safer but more expensive. So only the people that have a good source of income will be able to enjoy what will become of this area in the near future"
        7
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      • Trulia User
        " People don’t clean up after their dogs poop. "
        4
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      • Momo Yang
        "near police station but not safe that much since they are doing nothing. quite but many homeless people."
        4
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      • Trulia User
        "There is plenty of place for the dogs to use the bathroom. Very well maintained areas. Beautiful walks"
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      • Trulia User
        "No one picks up after their dogs. Even with the signs posted everywhere, there is dog feces all over the place. "
        1
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      • Trulia User
        "other people don't pick up after there dogs. even thought it is a residential area cars still speed."
        0
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      • Trulia User
        "high traffic in this area and around hollywood bowl. not very pleasant but can be convenient at times."
        2
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      • Trulia User
        "I don’t like that others don’t pick up their dogs poop. You need to watch out where your walking. But schools are close. There are parks that kids can play. I feel safe walking after dark.. also there are a lot of eating place and small grocery shops. Near bus stations. Accessible to everything."
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      • Trulia User
        "8-35 minutes to DTLA. 30-70 minutes to the coast. Can’t complain about either! Hollywood is pretty central to everything LA has to offer. "
        4
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      • Trulia User
        "There are many different music venues nearby that allow for community events. A lot of the local bars are fun places to hangout at!"
        3
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      • Trulia User
        "I can't think of any community events in the area. mostly tourist traps and retail stores. ......,.......... "
        2
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      • Trulia User
        "Larchmont has a feel of small town quaintness and a great sense of community while being centrally located to everything "
        12
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      • Trulia User
        "Very loud all the time. Very expensive. I feel on edge walking around. All in all a bad deal. "
        15
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      • Trulia User
        "Bought here over a year ago and for a new young homeowner, the area feels lively but still safe. Enjoy the area"
        2
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      • Trulia User
        "People and their culture. Different races represented from around the world. Different varieties of food too. "
        3
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      • Trulia User
        "Love my neighborhood very safe all neighbors are like family to each other I grew up at this neighborhood and now my kids grew up here as well most of my neighbors are living here ever since i can remember"
        0
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      • Trulia User
        "It’s a safe, clean and nice neighborhood to live. People are friendly here. A lot of place to park☺️ "
        1
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      • Trulia User
        "Hollywood is and always will be a dangerous place to live. It’s close to most things so it’s convenient but everything else is constantly sketchy "
        4
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      • Trulia User
        "Runyon is always available during daylight. Cute coffee shops and eateries abound. Watch the sunset on Mulholland daily. Check out a film/TV screening. So much more. "
        0
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      • Trulia User
        "nothing. it sucks crime is getting worse homeless out of control . garbage everywhere, no sense of community, traffic terrible "
        0
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      • Trulia User
        "It’s a very beautiful neighborhood perfect for walking your dog, however, if you your dog is older or has physical difficulties it would be hard on your dog because there are lots of steep inclined hills. "
        0
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      • Trulia User
        "I see dog owners walk their dogs every day, anytime. You’ll see a lot of people taking a stroll anytime of any day. You’ll see a lot of joggers too, they’ll be running any time except for (high afternoons when the sun is at its highest). There are tons of park to visit with your family. The only downside here is that there are homeless everywhere. That and the real estate is pretty expensive."
        0
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      • Trulia User
        "Dog friendly but always watch where you’re walking because some dog owners do not pick up after their pets "
        0
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      • Trulia User
        "Good public transportation , close to markets and retail stores and medical facilities. There is direct freeway access to downtown pluses busses and subway"
        0
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      • Trulia User
        "there are always events and attractions that very unique to hollywood. my doorstep is two blocks away from the Walk of Fame, as I am entering you this I am walking down Hollywood boulevard stepping over Stars as I walked past hard Rock Cafe and the Hollywood highland Mall and approaching Ripley's Believe it or not museum. it is impossible to spend an hour or two in Hollywood and not realize you are in Hollywood. "
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      • Trulia User
        "It’s touristy, there are lots of temporary residents and transients in this area. Homeless exist, crime exists. It’s not terrible, and there are some nice parts. Very mixed bag"
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      • Trulia User
        "Near freeways. All good. Take the metro train DT. Great public transportation. Good shopping and takeout nearby. Love my Gelsons"
        0
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      • Trulia User
        "Safe neighborhood. Cleanliness. I feel safe walking my dog, going on jogs, even leaving my door unlocked! "
        0
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      • Trulia User
        "It’s clean, well maintained, nice and very close to everything. We have Runyon canyon and clues to West Hollywood, Beverly Hills and many theaters and museums."
        0
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      • Trulia User
        "Hollywood Studio District is great! We’ve lived here a few years and love it. Diversity of people, restaurants. Central location, easy to get anywhere in LA."
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      • Trulia User
        "The surrounding area is difficult to navigate because of rampant vagrancy along the streets and sidewalks. "
        0
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      • Trulia User
        "Not very kids friendly but good location for going to different parks in the city, Pan pacific, Griffith"
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      • Trulia User
        "mixed bag of good and bad, I wouldn't suggest this neighborhood for families but for a young couple or roommates it is alot of fun."
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      • Kyle M.
        "Fast (potentially dangerous) neighborhood and surrounding traffic, loud noises at all hours, homeless presence is significant, crime is present but not overly terrible, and ironically street parking is surprisingly ok. Mostly, the Melrose, Highland and Santa Monica traffic and general noise are primary downsides."
        32
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      • Patrick C.
        "Would be a great neighborhood. It’s super walkable, great restaurants and bars, but constant sirens and police helicopters. Having said that it’s actually pretty safe just very loud and dirty. And there is a significant homeless issue."
        86
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      • Whitlynnb
        "There is significant crime and streets are not very safe for kids to play near. I live in Melrose Hill which is literally a charming residential utopia in the middle of madness so my take on Hollywood is a bit skewed"
        4
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      • Unspecified
        "To crowded and many people with cars makes it hard to find parking around your place areas never clean "
        1
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      • Tatianka
        "It’s pretty safe but many homeless people. I heard high school is not very good. Some areas like hollywood hills is very nice and safe"
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      LGBTQ Local Legal Protections

      Jason Tuvia, Marcus & Millichap
      © 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
      The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
      4545-4537 Santa Monica Blvd, Los Angeles, CA 90067 is a lot/land. 4545-4537 Santa Monica Blvd is located in Hollywood, Los Angeles. This property is currently available for sale and was listed by CLAW on Apr 10, 2024. The MLS # for this home is MLS# 24-378603.