345 N La Brea Ave - Retail FOR SALE


Los Angeles, CA 90036- Beverly Grove
$6,500,000 USD
805-990-9940
345 N La Brea Ave, Los Angeles, CA for Sale
$6,500,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

345 N La Brea Ave
Los Angeles, CA 90036
Beverly Grove


HIGHLIGHTS

  • Heavy traffic count
  • Frontage to La Brea Ave
  • Just blocks from the High End Hancock Park District
  • Elevator
  • Parking behind and under the building
  • Value add available with rooftop and 40% vacancy

OVERVIEW

Seller offers this exceptional property with no 1031 conditions. Seller may consider a seller carryback with a first trust deed only. Buyer must present financials and have a good commercial real estate investment portfolio. Seller can offer 5, 7, or 10 year interest only note at competitive rates depending on down payment criteria. This building has 14 subteranian parking spots, access from back entry, "sub-teranian parking, ground, 2 nd floor, and rooftop income" serviced by elevator. Building has 60% occupany ratio per our rent roll with addtional rooftop income from Major streaming carrier. Current "modified gross" lease income over $460,000 with a 40% occupany upside. This property is LAC2 with many zoning development opportunities available that meet ZIMAS and code standards. SubTeranian Garage is sprinklered. A lot of upside. *GLA Subject to verification.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$467 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LAC2

APN/PARCEL ID

5525-033-030

ASK ABOUT THIS PROPERTY

Randall BarondessRE/MAX ONEMore Info
805-990-9940

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Randall BarondessRE/MAX ONEMore Info
805-990-9940

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