345 N La Brea Ave - Retail FOR SALE


Los Angeles, CA 90036- Beverly Grove
$7,000,000 USD
805-990-9940
345 N La Brea Ave, Los Angeles, CA for Sale
$7,000,000 USD
Retail - FOR SALE
1/20
null | 6% 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 sub-teranian parking access from back entry, "sub-teranian, ground, 2 floor, and rooftop income" serviced by elevator. Building has 60% occupany ratio per our rent roll with addtional rooftop income from Major streaming carrier. Present 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.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$503 USD /SF

CAP RATE

6%

% 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

5

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

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

Randall BarondessRE/MAX ONEMore Info
805-990-9940

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