1117 N Western Ave - Storefront Retail/Office FOR SALE


Los Angeles, CA 90029- Hollywood
$2,800,000 USD
310-909-5422
1117 N Western Ave, Los Angeles, CA for Sale
$2,800,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | Request Cap Rate

1117 N Western Ave
Los Angeles, CA 90029
Hollywood


HIGHLIGHTS

  • Fully occupied +/-7,000 SF multi-tenant retail building on +/-15,000 SF of C4 commercial land.
  • All retail tenants and the rooftop billboard are month-to-month, providing income with future flexibility.
  • Below-market rents create clear upside, with current gross income of $131,004 versus estimated market gross income of $249,300.
  • Strong Western Avenue frontage, rear surface parking, billboard income, and layered development potential near major Hollywood growth projects.

OVERVIEW

1109-1117 N Western Avenue is a fully occupied multi-tenant retail building in East Hollywood, totaling approximately 7,000 square feet on 15,000 square feet of [Q]C4-2D-CPIO commercial land. The property includes four ground-floor retail units, a double-sided Clear Channel rooftop billboard, roughly 100 feet of Western Avenue frontage, and approximately 25 rear surface parking spaces. All tenants are month-to-month, giving a buyer immediate cash flow with flexibility to hold, re-tenant, reposition, deliver vacant, or pursue long-term redevelopment. The site benefits from TOC Tier 3, Opportunity Zone, AB 2097, ED1 eligibility, and proximity to major nearby projects including Echelon Studios and Sunset & Western.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,000 SF

ZONING

LAC4

APN/PARCEL ID

5536-011-004

ASK ABOUT THIS PROPERTY

Iman MossanenMarcus & MillichapMore Info
310-909-5422

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Iman MossanenMarcus & MillichapMore Info
310-909-5422

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