8121-8129 W 3rd St - Storefront FOR SALE


Los Angeles, CA 90048- Beverly Grove
$9,300,000 USD
310-923-2700
8121-8129 W 3rd St, Los Angeles, CA for Sale
$9,300,000 USD
Storefront - FOR SALE
1/4
null | 5.12% Cap Rate

8121-8129 W 3rd St
Los Angeles, CA 90048
Beverly Grove


HIGHLIGHTS

  • Located steps from The Grove, Beverly Center, and Farmers Market.
  • Fully leased to four tenants on triple-net leases with billboard income.
  • Recently renovated building with strong curb appeal and visibility.
  • Situated in a high-income trade area with $131K average household income within 1 mile.

OVERVIEW

8121–8129 W. 3rd Street presents a rare opportunity to acquire a fully leased, multi-tenant retail asset in one of Los Angeles’s most vibrant commercial corridors. Located just west of Fairfax Avenue and steps from The Grove and the Original Farmers Market, this ±3,567 SF building sits on ±8,719 SF of land and benefits from exceptional visibility and foot traffic. The property has been recently renovated and is 100% occupied by four national and boutique tenants—Warby Parker, Oak & Poppy, Palms & Patties, and Framebridge—on triple-net leases, offering stable income and minimal landlord responsibilities. Positioned in a high-income, densely populated area, the asset is surrounded by a dynamic mix of retail, dining, and entertainment destinations. The site enjoys approximately 40 feet of frontage along Melrose Avenue and includes 13 on-site parking spaces. With a net operating income of $476,499 and a 5.0% cap rate, this property is ideal for investors seeking a passive, low-management asset with long-term upside. The location offers seamless access to Beverly Boulevard, Fairfax Avenue, and the 10 and 405 freeways, ensuring strong connectivity across Los Angeles.

FOR SALE DETAILS

PRICE

$9,300,000 USD

PRICE/SF

$2,607 USD /SF

CAP RATE

5.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAC2

APN/PARCEL ID

5511-021-031

ASK ABOUT THIS PROPERTY

William AlthouseWESTMAC Commercial Brokerage CompanyMore Info
310-923-2700

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William AlthouseWESTMAC Commercial Brokerage CompanyMore Info
310-923-2700

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