Exceptional development opportunity – First time on the market in decades! This two-story commercial building, situated on an 8,250 SqFt parcel, zoned C4-D2-SN, is surrounded by multi-million dollar projects in the highly sought-after and rapidly growing “Downtown Hollywood” neighborhood. Adjacent to the newly developed Dream Hotel, the building shares a rear plaza/pedestrianized alley with the Dream Hotel, Beauty & Essex and Avenue LA. Ground Floor offers ~7,500 SqFt PLUS a large ~750 SqFt private outdoor patio and is currently leased by tenants operating The Burgundy Room and The Hotel Cafe. Second floor offers ~7,500 SqFt and is currently leased by tenant operating The West Inn – a hotel with 21 guest rooms & 12 bathrooms (10 en-suite/2 shared). Nearby highlights & amenities include the Hollywood/Vine Metro Station, Cinerama Dome Arclight, Pantages Theater, Montalban Theater, and The W Hotel – Hollywood. Building is currently 100% tenant occupied and will not be delivered vacant.