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


Los Angeles, CA 90028- Hollywood
$6,600,000 USD
323-868-7283
1651-1657 N La Brea Ave, Los Angeles, CA for Sale
$6,600,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 5.3% Cap Rate

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


HIGHLIGHTS

  • Located at the signalized SW corner of Hollywood & La Brea
  • High Traffic Counts
  • High Foot Traffic
  • Residential, Commercial, Office and Tourist Destinations All Nearby

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 39 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 numerous 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. Traffic counts are in excess of 37,000 cars per day. There is a high volume of foot traffic in the vicinity due to the popular tourist destinations and numerous shops, restaurants, and cafes in the area. The neighborhood is easily accessible by public transportation, including bus routes and the Hollywood/Highland Metro station, making it convenient for visitors and residents alike. The presence of well-known landmarks and a mix of commercial and residential spaces in the vicinity contribute to a dynamic and diverse atmosphere, attracting a range of visitors and customers to the area.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$1,178 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, 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 Notice.