Mixed-Use Retail | Apartments 4771 W Adams Blvd 4,717 SF Retail Building Los Angeles, CA 90016 $2,345,643 CAD ($497.27 CAD/SF)

Floyd Shaheen of Floyd Group at Marcus & Millichap is pleased to exclusively present for sale, 4771 W Adams Blvd, is a mixed-use investment opportunity located along the rapidly improving West Adams corridor of Los Angeles. The property features approximately 4,717 SF of building area and includes 4 residential units plus a vacant ground-floor commercial space that was formerly operated as a bar/restaurant. The commercial portion is currently in shell condition, creating a rare opportunity for a new owner or tenant to design and activate the space around a modern concept. With existing residential income, flexible LAC2 zoning, and prominent Adams Blvd frontage, the property offers both immediate income and meaningful long-term upside.
The residential units provide an income foundation while the vacant commercial space creates a significant upside opportunity. A buyer is not only acquiring current income, but also the ability to lease or occupy the commercial component and materially improve the property’s income profile. Because the retail space is in shell condition, the next operator has the flexibility to build out the space around a fresh concept rather than working around an outdated layout. This is particularly valuable for food, beverage, wellness, boutique retail, showroom, or creative studio users. The property’s prior bar/restaurant identity gives the commercial portion a strong marketing narrative. Subject to permits, code compliance, and tenant improvements, the space may be well positioned for a new hospitality-driven concept that benefits from Adams Blvd frontage and the surrounding neighborhood growth.
West Adams has a strong creative identity, and the space could be repositioned as a gallery, design studio, content studio, showroom, or creative office. This would appeal to users who want street presence without traditional office building limitations. A boutique wellness use such as Pilates, yoga, stretch therapy, physical therapy, cold plunge, sauna, or recovery studio could be a strong fit for the corridor’s changing demographics and nearby residential growth. 4771 W Adams Blvd is attractive because it offers a combination of current income, vacant commercial upside, flexible zoning, and location-driven appreciation potential. The asset is not dependent on one single business plan. A buyer can stabilize the residential income, lease the commercial space, occupy the commercial space, or reposition the asset around a stronger long-term tenant mix. The vacant commercial space is the key value driver. Once activated, it has the potential to transform the property’s income profile and overall marketability. In a corridor where new mixed-use projects are adding residents and retail energy, existing street-front commercial space becomes increasingly valuable.
The property also benefits from replacement-cost dynamics. Creating a similar mixed-use building in this part of Los Angeles would be difficult, expensive, and time-consuming. A buyer is acquiring an existing asset with frontage, zoning flexibility, and immediate value-add potential in a corridor that continues to attract development capital. West Adams has become one of Los Angeles’ most compelling urban infill corridors, supported by historic architecture, cultural identity, new mixed-use development, and proximity to major employment and lifestyle hubs. The area sits near Culver City, Mid-City, Jefferson Park, Baldwin Hills, Crenshaw, and the broader Westside, giving it access to multiple demand drivers. The corridor continues to evolve from a historically neighborhood-serving commercial district into a more dynamic mixed-use environment with new apartments, restaurants, retail, creative uses, and cultural investment. This momentum supports the long-term appeal of properties with Adams Blvd frontage.