8300-8302 W 3rd St - Storefront FOR SALE


Los Angeles, CA 90048- Hancock Park
$4,950,000 USD
310-923-2700
8300-8302 W 3rd St, Los Angeles, CA for Sale
$4,950,000 USD
Storefront - FOR SALE
1/13
null | 4.31% Cap Rate

8300-8302 W 3rd St
Los Angeles, CA 90048
Hancock Park


HIGHLIGHTS

  • Multi-tenant NNN investment opportunity with low management requirements and guaranteed lease income.
  • Recently renovated building in excellent condition, minimizing future capital needs.
  • Located in Beverly Grove, a premier retail corridor with strong foot traffic and affluent demographics.
  • Signalized corner position near The Grove and Farmers Market, ensuring high visibility and consumer presence.
  • Passive NNN lease structure with tenants responsible for taxes, insurance, utilities, and CAM charges.
  • Attractive 1031 exchange candidate with annual 3% rent increases and options to extend lease terms.

OVERVIEW

This offering presents a rare opportunity to acquire a multi-tenant, triple-net (NNN) leased retail property located on a highly visible, signalized corner along West 3rd Street in Los Angeles. The property sits within the Beverly Grove district, a vibrant corridor bridging Beverly Hills and West Hollywood, known for its affluent demographics and high pedestrian traffic. The building spans approximately 5,330 rentable square feet on a 4,956-square-foot parcel and has been recently renovated, ensuring excellent condition and minimal capital expenditure for the new owner. Positioned near iconic destinations such as The Grove and The Original Farmers Market, the property benefits from a Walk Score of 95+, guaranteeing strong accessibility and connectivity. Neighboring tenants include high-end boutiques, flagship retail, and popular culinary establishments, creating a dynamic environment that attracts both local tastemakers and international visitors. With 100% occupancy, a passive NNN lease structure, and annual rent escalations, this asset offers stable income and long-term upside in one of Los Angeles’ most resilient retail markets.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$932 USD /SF

CAP RATE

4.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Hollywood High-Profile Street Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

5511-031-039

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.