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
1/5
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
  • 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

REVISED UNDER NEW DIRECT MANAGEMENT. Seller offers this exceptional property with no 1031 conditions. This building has 14 subteranian parking spots, access from back entry, "sub-teranian parking WITH automatic security gate, ground, 2 nd floor, and rooftop income" serviced by elevator. Building now has 100% occupany. This property is LAC2 with many zoning development opportunities available that meet ZIMAS and code standards. SubTeranian Garage is sprinklered. *GLA Subject to verification. Current annual rents: $519,000. (optional for a new buyer: Rooftop easement sale boosting annual income for 10 year payout of $171,000 per year onto the proforma boosting annual income up to $690,000 (gross rents) This would be an incredible cap rate for North LaBrea Ave. Contact listing agent for a current rent roll and expenses.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$446 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.