800 N EL CENTRO AVE Los Angeles CA 90038-3806

Located in the heart of Hollywood, this property is an absolute jewel. A former Theater, the property is a unique building within a
highly dense residentially zoned neighborhood. Zoned R3-1XL, the existing structures reside on an 8,199 square foot corner lot.
Perspective buyers may choose to bring back the magic and explore the opportunity to use the property as a Theater or an owner
occupant, or look to re-purpose or re-develop the property as multi-family project which would conform with the current zoning.
The neighborhood has experienced exceptional growth over the past decade. New, high end multi family complexes have been
completed in close proximity to the property (such as The LC & Metropolitan at Larchmont Village) and new developments such as
Gilli's House and Empire at Larchmont are literally steps away.

The property is strategically located within walking distance to Paramount Pictures, Larchmont Village, the Hollywood Media District
and Hancock Park. Throughout the city, you’d be hard pressed to find a location surrounded by media / entertainment hubs, village
style retail corridors, high income multi-million dollar residential neighborhoods, all within a densely populated residential pocket.
The property has been entitled for a high end apartment project which would utilize the existing structure and re-purpose it into
a 10-unit multi-family project featuring 10 Artistic studio lofts, gated parking, a shared & covered common area, and an amenity
rich project. This project is very close to receiving permits approval (RTI status). Alternatively, there is the option to re-develop the
lot and build a new, ground up 16-unit apartment project. Interested parties should conduct their own investigation in regards to
current and future proposed uses.

The property is located on the north west corner of El Centro Ave. & Waring Ave. It is gated, located within an Opportunity Zone as
well as a designated State Enterprise zone. It is assigned with a Transit Oriented Communities (TOC) Tier 1 designation.

- RTI status for a boutique lofts project is imminent

- Located within a designated Opportunity Zone

- Surrounded by several new multi-family and office / commercial projects

- Walking distance to world class media & entertainment campuses

- Surrounded by several new multi-family & production related development projects including BARDAS proposed Television Center Redevelopment and Echelon Studios Complex

- An opportunity to re-position the existing structure, or occupy as an owner user

- Plans submitted and are in the process of obtaining City approvals