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Hollywood Corner Asset | Owner-User/Value-Add 702 N Van Ness Ave 7,806 SF Retail Building Los Angeles, CA 90038 $5,058,165 CAD ($647.98 CAD/SF)
Investment Highlights
- Hard Corner: Melrose and N. Van Ness Avenue
- High Visibility Asset in Dynamic Entertainment Corridor
- Directly Adjacent to Paramount and Raleigh Studios
Executive Summary
A landmark corner offering unmatched visibility, architectural character, and long-term upside. Situated at the intersection of N. Van Ness and Melrose Avenue, the property
benefits from immediate proximity to Paramount Studios, major production campuses, and Hollywood’s thriving creative economy. With it’s iconic ivy-covered exterior, commanding street presence, and irreplaceable location, the asset is uniquely positioned for owner-users, investors, or brands seeking a signature address in one of LA’s most sought-after submarkets.
benefits from immediate proximity to Paramount Studios, major production campuses, and Hollywood’s thriving creative economy. With it’s iconic ivy-covered exterior, commanding street presence, and irreplaceable location, the asset is uniquely positioned for owner-users, investors, or brands seeking a signature address in one of LA’s most sought-after submarkets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,806 SF
Building Class
C
Year Built
1924
Price
$5,058,165 CAD
Price Per SF
$647.98 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.79
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
LAC4
Parking
6 Spaces (0.76 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5535-002-001 | Improvements Assessment | $656,356 CAD |
| Land Assessment | $5,889,697 CAD | Total Assessment | $6,546,053 CAD |
Property Taxes
Parcel Number
5535-002-001
Land Assessment
$5,889,697 CAD
Improvements Assessment
$656,356 CAD
Total Assessment
$6,546,053 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Hollywood Corner Asset | Owner-User/Value-Add | 702 N Van Ness Ave
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