2311 Cotner Ave - Storefront Retail/Office FOR SALE


Los Angeles, CA 90064- West Los Angeles | 
$15,500,000 USD
310-804-0970
2311 Cotner Ave, Los Angeles, CA for Sale
$15,500,000 USD
Storefront Retail/Office - FOR SALE
1/14
null | Request Cap Rate

2311 Cotner Ave
Los Angeles, CA 90064
West Los Angeles


HIGHLIGHTS

  • 50+ year home of The Wine House: a fixture in West Los Angeles functioning as a wine distribution facility, office, retail, and restaurant
  • Vacant at close: Current Tenant (The Wine House) vacating at close of escrow
  • Prime access / visibility: Immediate adjacency to the 405 with direct access to the northbound on-ramp
  • Additional Cell Tower Income: Cell tower is leased to Verizon, providing income of approximately $4,200-4,500 per month
  • Built-in cold-storage: Current use context grocery/restaurant/retail-oriented use (Wine House)
  • Multiple repositioning paths: Owner-user private office over retail, amenitized EV charging facility, or rented parking facility

OVERVIEW

2311 Cotner Avenue presents a rare West Los Angeles repositioning opportunity defined by its immediate 405 access, rooftop parking, loading capability, and flexible M2 zoning. Positioned near the 405/10 interchange and Metro E Line, the property combines regional accessibility with a dense, affluent Westside trade area, making it well suited for owner-users and adaptive reuse concepts that benefit from visibility, parking, and ease of access. The building has been home to The Wine House since the 1970s, and over time evolved to support far more than traditional retail, including storage, distribution, foodservice, events, and office functions. That operating history has benefited the property with an unusually versatile mix of improvements, including commercial kitchen infrastructure, cold storage, loading, dining/bar areas, office space, and 42 rooftop gated parking spaces — highly a rare and desirable for the area. With The Wine House vacating at closing, a new owner has the opportunity to reposition a highly functional, purpose-evolved asset rather than start with a conventional vacant shell. In addition, the property includes a cell tower with in-place lease to Verizon, bolstering property income for the purchaser. Potential paths include an owner-user headquarters, experiential retail, automotive or EV-oriented use, food and beverage, showroom space, creative office over retail, or other hybrid concepts that take advantage of the property’s existing infrastructure and uniquely car-oriented location. Investment Highlights: 50+ year home of The Wine House: a fixture in West Los Angeles functioning as a wine distribution facility, storage, retail showroom, restaurant, and corporate office Vacant at close: Tenant (The Wine House) vacating at close of escrow Prime access / visibility: Immediate adjacency to the 405 with direct access to the northbound on-ramp Massive local traffic counts: I-405 carries 380,000+ cars daily, I-10 carries 300,000 VPD, interchange totals 650,000+ cars daily. Large Parking Lot: 42 gated roof parking spaces with additional auxiliary leased parking across the street (parking lease can be assumed) Operationally built-out improvements: Two-level building with office area plus full foodservice kitchen and dining/bar area buildout Loading capability: Loading dock with two doors Additional Cell Tower Income: Cell tower is leased to Verizon, providing income of approximately $4,200-4,500 per month Built-in cold-storage: Current use context grocery/restaurant/retail-oriented use (Wine House) Multiple repositioning paths: Owner-user private office over retail, amenitized EV charging facility, or rented parking facility Demand drivers nearby: Light industrial corridor with car-oriented businesses generating in-built parking demand

FOR SALE DETAILS

PRICE

$15,500,000 USD

PRICE/SF

$674 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Wine House Repositioning Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Refrigeration/Cold Storage, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,730 SF

ZONING

M2-1, Los Angeles

APN/PARCEL ID

4322-023-031

ASK ABOUT THIS PROPERTY

Michael AsarchAsarch Commercial EndeavorsMore Info
310-804-0970

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Michael AsarchAsarch Commercial EndeavorsMore Info
310-804-0970

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