1651-1657 N La Brea Ave - Storefront Retail/Office FOR SALE


Los Angeles, CA 90028- Hollywood
$6,999,000 USD
323-868-7283
1651-1657 N La Brea Ave, Los Angeles, CA for Sale
$6,999,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 5.15% Cap Rate

1651-1657 N La Brea Ave
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Signalized Intersection
  • Heavy Foot & Car Traffic
  • Close Proximity to Office Buildings & Residential
  • Walking Distance to Numerous Tourist Attractions

OVERVIEW

Presenting a Generational Opportunity Located in the Heart of Hollywood at the signalized SW corner of Hollywood & La Brea. First time on the market in over 38 years. This property offers an investor a rare and unique opportunity to acquire a trophy property within walking distance to many of Hollywood's top attractions including the Hollywood Walk of Fame, The TCL Chinese Theatre and the Dolby Theatre. There are over $5.3 Billion in current and near term development projects within 3 miles of the property. The property has recently undergone several improvements including a fresh new Santa Barbara inspired paint scheme, re-sealing of the roof and re-striping of the parking lot. Please see attached Rent Roll for additional information.

FOR SALE DETAILS

PRICE

$6,999,000 USD

PRICE/SF

$1,249 USD /SF

CAP RATE

5.15%

% 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

1980

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

(Q)C4-2D-CPIO

APN/PARCEL ID

5548-008-042

ASK ABOUT THIS PROPERTY

Ara Der SarkissianSarkis Realty, Inc.More Info
323-868-7283

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Ara Der SarkissianSarkis Realty, Inc.More Info
323-868-7283

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