1031 S La Brea Ave
Los Angeles, CA 90019
Office Property For Sale
Property Facts
About 1031 S LA BREA AVE , LOS ANGELES, CA 90019
Coldwell Banker Commercial WESTMAC is pleased to present this opportunity to purchase a free-standing commercial building located just south of Olympic Blvd on La Brea Ave. The existing tenant currently has four more years on their lease and then a single 5-year option at Fair Market Value. Therefore this investment is perfect for the astute investor who is willing to exercise a little patience in order to most likely achieve a 6.4% cap rate or higher after four years. Oct 1st, 2017 - Sept. 30th, 2018 = $11,159 + NNN Oct 1st, 2018 - Sept. 30th, 2019 = $11,494 + NNN Oct 1st, 2019 - Sept. 30th, 2020 = $11,840 + NNN Oct 1st, 2020 - Sept. 30th, 2021 = $12,194 + NNN The real estate consists of two separate buildings. 1031 S La Brea Ave is the smaller of the buildings and consists of 3 Offices, 1 Bathroom, a kitchenette, and a reception area. The 1035 S La Brea Ave building consists of 6 large offices/studios, 4 smaller offices, 2 bathrooms, a large reception area, a conference room, a storage area, an outdoor patio, and roll-up door in the back.
Property Taxes
| Parcel Numbers | Improvements Assessment | $568,911 | |
| Land Assessment | $2,844,568 | Total Assessment | $3,413,479 |
Property Taxes
