345 N La Brea Ave - Retail FOR SALE


Los Angeles, CA 90036- Beverly Grove | 
$5,500,000 USD
805-990-9940
345 N La Brea Ave, Los Angeles, CA for Sale
$5,500,000 USD
Retail - FOR SALE
1/9
null | 6.17% Cap Rate

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


HIGHLIGHTS

  • Heavy traffic count
  • Frontage to La Brea Ave
  • Subterranean parking
  • Elevator
  • Parking behind and under the building
  • Value add available with rooftop and 40% vacancy

OVERVIEW

SELLER FINANCING AVAILABLE Position your investment at 345 N La Brea Ave, Los Angeles, CA 90036—a fully leased, multi-tenant commercial building offering immediate income and long-term development potential. The property features 100% occupancy, elevator service, ground-floor, second-floor, and rooftop income, subterranean parking spaces with rear access, automatic security gate, security cameras and fire sprinkler protection. Current reported gross annual rents are approximately $519,000, with potential rooftop opportunities subject to terms and verification. Zoned LAC2, the property may offer multiple development opportunities subject to applicable zoning requirements, permits, code compliance, and independent buyer verification. The seller is offering the property without 1031-exchange conditions. GLA, rents, expenses, zoning, and all income projections are subject to verification; contact the listing agent for the current rent roll and expense information. Only serious offers accompanied by verifiable proof of funds (POF) will be entertained.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$396 USD /SF

CAP RATE

6.17%

% 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.