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- LoopNet Team
1031 S La Brea Ave
Los Angeles, CA 90019
Office Property For Sale

Property Facts
- Office
- OfficeLoft Creative Space
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 |
Multiple
|
Improvements Assessment | $568,911 |
| Land Assessment | $2,844,568 | Total Assessment | $3,413,479 |
Property Taxes
- 5084-014-002
- 5084-014-001
Listing ID: 9724822
Date on Market: 10/24/2017
Last Updated:
Address: 1031 S La Brea Ave, Los Angeles, CA 90019
The Miracle Mile Office Property at 1031 S La Brea Ave, Los Angeles, CA 90019 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS
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