1005 N Madison Ave - Storefront Retail/Office FOR SALE


Los Angeles, CA 90029- East Hollywood
$4,250,000 USD
818-292-3175
1005 N Madison Ave, Los Angeles, CA for Sale
$4,250,000 USD
Storefront Retail/Office - FOR SALE
1/26
null | 4.4% Cap Rate

NEW


1005 N Madison Ave
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • Flexible Multi-Tenant Configuration – Eight (8) storefront units totaling 6,877 SF allow for phased occupancy, re-tenanting, or consolidation for ow
  • Immediate and Near-Term Occupancy Potential – Ability to occupy up to 2,335 SF immediately, with additional space rolling within one year and full c
  • Short-Term Lease Profile – Limited remaining lease term and minimal options provide strategic flexibility without sacrificing near-term cash flow.
  • Extensively Renovated Property – Over $1,000,000 recently invested into new HVAC systems, plumbing, electrical, flooring, windows, lighting, doors,
  • Highly Functional Unit Design – Glass storefronts, private rear entrances, kitchen hookups, and individual restrooms support a wide range of retail,
  • aB 2097 Parking Exemption – Transit proximity eliminates municipal parking requirements, materially enhancing leasing and user flexibility.

OVERVIEW

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 1005 N Madison Avenue, a 6,877 SF multi-tenant retail and creative office asset situated on 0.20 acres (8,910 SF) of land in the heart of Los Angeles. The subject property is positioned on the soft NW corner of N Madison Avenue and Willow Brook Avenue, one block south of Santa Monica Boulevard, near Silver Lake, Sunset Junction, and East Hollywood, a dynamic and supply-constrained submarket in Los Angeles, CA. 1005 N Madison Avenue consists of eight (8) individual storefront units and is currently 77.0% occupied by four tenants. The property has recently undergone a comprehensive renovation with over $1,000,000 invested, including new HVAC systems, plumbing, electrical, flooring, windows, lighting, doors, and fixtures. Each unit features a glass storefront entry, rear private access, kitchen hookups, and private restrooms, allowing the asset to accommodate a wide range of retail, creative, and service-oriented uses. Due to the site’s proximity to transit, AB 2097 eliminates municipal parking requirements, providing flexibility for all uses permitted under the existing zoning. The property’s short-term lease profile and current vacancy create a compelling owner-user and value-add opportunity. A user can immediately occupy up to 2,335 SF, with the ability to control up to 3,805 SF within approximately one year, and the potential to occupy the entire property over the long term. In the interim, ownership benefits from stable in-place income generated by existing tenancy. The property currently produces $21,849.47 per month ($4.45/SF), or $262,194 annually, plus $18,000 annually in CAM reimbursements, providing attractive carry while executing a repositioning or user strategy. The asset is occupied by a diverse mix of tenants including a photographer, vintage clothing shop, art collective, and fabric atelier (fabric atelier is owned, with rent paid, by Restoration Hardware). 1005 N Madison Avenue is located one block from Santa Monica Boulevard, offering immediate access to restaurants, cafés, boutiques, and neighborhood-serving retail throughout East Hollywood and Sunset Junction. The site is 0.2 miles from Los Angeles City College and benefits from convenient access to the 101 Freeway via N Vermont Avenue, approximately 0.8 miles to the south, reinforcing long-term tenant demand and user appeal.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$618 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

LAR3-1

APN/PARCEL ID

5539-003-006

ASK ABOUT THIS PROPERTY

Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.