Hollywood (C20) Homes with Retail Subtype

Hollywood (C20) Homes with Retail Subtype

Welcome to Hollywood, a vibrant neighborhood nestled in the heart of Los Angeles, California. Renowned worldwide for its rich history in film and entertainment, Hollywood is a dynamic blend of culture, art, and opportunity. From the iconic Hollywood Sign to the bustling Hollywood Boulevard, this area is not just a destination; it’s a lifestyle.

Hollywood is a melting pot of diverse communities, offering a unique mix of residential charm and commercial vibrancy. The real estate landscape here is particularly exciting, especially for those interested in homes with retail subtypes. These properties provide a rare opportunity to live and work in one of the most iconic neighborhoods in the world. Imagine stepping out of your stylish home and into your own boutique or café, surrounded by the energy and creativity that Hollywood is famous for.

The architecture in Hollywood is as varied as its residents, featuring everything from historic bungalows to modern condos. Many homes with retail subtypes come equipped with street-level storefronts, allowing for seamless integration of living and business. This unique setup not only enhances your lifestyle but also offers the potential for additional income.

Living in Hollywood means you’re never far from the action. With an array of entertainment options, trendy restaurants, and cultural experiences at your doorstep, you’ll find that every day is an adventure. Whether you're an aspiring entrepreneur or simply looking to embrace the Hollywood lifestyle, this neighborhood offers an unparalleled living experience. Embrace the magic of Hollywood, where your dream home and business can coexist in perfect harmony.

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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