1430 S La Brea Ave - Retail FOR SALE


Los Angeles, CA 90019- Mid-City
$800,000 USD
818-939-4058
1430 S La Brea Ave, Los Angeles, CA for Sale
$800,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

1430 S La Brea Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • PROBATE SALE - SUBJECT TO COURT CONFIRMATION AND POSSIBLE OVERBID
  • ±2,300 square foot commercial building fronting La Brea Avenue plus a separate ±600 square foot residential unit at the rear of the property
  • Prominent frontage along La Brea Avenue with traffic counts exceeding 60,000 vehicles per day
  • Less than one mile from I-10 Freeway & convenient access to Beverly Grove, Hancock Park, Miracle Mile, Culver City, West Adams, DTLA
  • Contact broker for details regarding current tenancy

OVERVIEW

The CREM Group is pleased to present 1430 S. La Brea Avenue, a unique mixed-use property situated along the highly trafficked La Brea Avenue corridor between Venice Boulevard and Pico Boulevard in the heart of Los Angeles' Mid-Wilshire neighborhood. The property consists of approximately 2,836 square feet of improvements situated on a 4,480 square foot C2-zoned parcel. Improvements include a multi-tenant commercial building of approximately 2,300 square feet fronting La Brea Avenue and a separate approximately 600 square foot residential unit at the rear of the property with alley access. The front building is currently configured as two separate units and is occupied by residential tenants, although the building is not permitted for residential use. Please contact the broker for additional information regarding the existing tenancy. PROBATE SALE - SUBJECT TO COURT CONFIRMATION AND POSSIBLE OVERBID

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,480 SF

ZONING

LAC2

APN/PARCEL ID

5070-019-035

ASK ABOUT THIS PROPERTY

Andrew LeffThe CREM GroupMore Info
818-939-4058

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Andrew LeffThe CREM GroupMore Info
818-939-4058

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