371 S Fairfax Ave - Service Station FOR SALE


Los Angeles, CA 90036- Miracle Mile
$2,235,000 USD
323-515-8302
371 S Fairfax Ave, Los Angeles, CA for Sale
$2,235,000 USD
Service Station - FOR SALE
1/4
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371 S Fairfax Ave
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • First Time on the Market in +/- 50 Years | Iconic 1950's Service Station
  • Billboard Income
  • Prime Miracle Mile / Fairfax Corridor Location | Strong Surrounding Demographics and Foot Traffic
  • $155,452 Average Household Income in 1-Mile
  • Walking Distance from The Original Farmers Market and The Grove
  • 27,000 VPD Along Fairfax Avenue | 22,000 VPD Along West 3rd Street

OVERVIEW

Positioned in the heart of Los Angeles’ highly sought-after Miracle Mile submarket, 371 S. Fairfax Ave presents a rare opportunity to acquire a well-located commercial asset in one of the city’s most dynamic corridors. The property consists of approximately +/- 1,500 square feet of building area situated on a +/- 9,339 SF parcel.

FOR SALE DETAILS

PRICE

$2,235,000 USD

PRICE/SF

$1,490 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,339 SF

ZONING

C2

APN/PARCEL ID

5511-038-029

ASK ABOUT THIS PROPERTY

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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