861 N Western Ave - Retail FOR SALE


Los Angeles, CA 90029- East Hollywood
$3,700,000 USD
714-267-7777
861 N Western Ave, Los Angeles, CA for Sale
$3,700,000 USD
Retail - FOR SALE
1/9
null | 2.76% Cap Rate

861 N Western Ave
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • Fully Leased ±4,846 SF Retail Plaza in the heart of Melrose Hill—an emerging creative and culinary hub in Los Angeles
  • Prime ±0.21-Acre Corner Lot with ±30,000 VPD along high-traffic Western Avenue and 12 on-site parking spaces (±2.5/1,000 SF)
  • Stable Income with Upside Potential through re-tenanting or modest value-add improvements
  • LAC4 Zoning allows for a wide variety of commercial uses and potential future redevelopment
  • Strategic Location near Metro lines, East Hollywood, and Larchmont Village, with over 74,000 residents within one mile

OVERVIEW

OCAP Real Estate is pleased to present the unique opportunity to acquire 861 N Western Ave, a fully leased ±4,846 square foot retail plaza located at the eastern edge of Melrose Hill—one of Los Angeles’ most dynamic and emerging creative & culinary districts. Situated on a ±0.21-acre parcel with excellent frontage along high-traffic Western Avenue (±30,000 vehicles per day), the property offers rare urban convenience with 12 dedicated on-site parking spaces (±2.5/1,000 SF). This single-story asset features a stable tenant mix generating consistent rental income, with near-term upside through lease re-tenanting or modest improvements. Zoned LAC4, the property allows for a broad range of commercial uses and offers potential future redevelopment options. Surrounded by a dense population of over 74,000 residents within one mile and located near major Metro lines, 861 N Western benefits from both exceptional visibility and long-term positioning in a high-growth submarket. With low-maintenance construction and immediate access to East Hollywood, Larchmont Village, and surrounding creative corridors, this offering presents investors with a rare blend of stability, location, and future value. DO NOT DISTURB TENANTS

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$764 USD /SF

CAP RATE

2.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

LAC4

APN/PARCEL ID

5535-011-027

ASK ABOUT THIS PROPERTY

Donn YuOCAP Real Estate & FinancialMore Info
714-267-7777

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Donn YuOCAP Real Estate & FinancialMore Info
714-267-7777

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