Hollywood (C20) Homes with Retail Subtype

Hollywood (C20) Homes with Retail Subtype

Welcome to Hollywood, California, a vibrant neighborhood nestled in the heart of Los Angeles, where the glitz and glamour of the entertainment industry meets the charm of diverse residential living. Known worldwide as the birthplace of the film industry, Hollywood offers a unique blend of culture, creativity, and community, making it one of the most sought-after areas to call home.

Hollywood is not just a destination for tourists; it’s a thriving community filled with historic landmarks, trendy cafes, and eclectic shops. The iconic Hollywood Walk of Fame, the majestic Hollywood Sign, and the bustling Sunset Boulevard are just a few of the attractions that define this dynamic locale. With its rich history and artistic spirit, residents enjoy a lifestyle that is both exciting and enriching.

For those looking to invest in Hollywood, homes with a retail subtype present a fantastic opportunity. These properties seamlessly blend residential comfort with commercial potential, allowing homeowners to enjoy the benefits of living in a vibrant area while running a business right at their doorstep. Whether you're looking to open a boutique, a café, or an art gallery, these unique homes offer the perfect setting to thrive in the heart of the action.

In Hollywood, you’ll find a diverse range of architectural styles, from charming bungalows to modern condos, each reflecting the eclectic spirit of the neighborhood. With a strong sense of community and an abundance of amenities, Hollywood is not just a place to live; it's a lifestyle. Explore the possibilities today and discover your dream home in this iconic part of Los Angeles!

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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