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Investment Highlights

  • Multi-tenant retail with strong Western Avenue frontage and rear parking accessed via alley.
  • Offered in conjunction with 1107 N Western Ave, creating scale, frontage, and redevelopment optionality.
  • Flexible short-term tenancy with immediate income and clear value-add potential.

Executive Summary

1117 N Western Ave is the northern parcel in the assemblage and is available in conjunction with the mixed-use office/retail building immediately to the south at 1107 N Western Ave. The property is a single-story, multi-tenant retail building with a rear parking lot accessible via alley, offering a strong street presence along Western Avenue within a broader two-parcel opportunity.
The building presents a straightforward and functional retail layout with multiple storefronts, steady in-place income, and clear value-add potential. Short-term tenancy allows for flexibility to lease at market, refine the tenant mix, or reposition the asset over time with limited operational friction. The rear parking field is a meaningful advantage for the corridor, supporting both tenant usability and long-term functionality.
Located just north of Santa Monica Boulevard, the property benefits from excellent visibility, consistent traffic, and proximity to major studios, transit, and dense surrounding housing. The corridor continues to see significant investment and ongoing transformation, reinforcing demand for well-located retail and creative commercial space.
Offered as part of an assemblage with 1107 N Western Ave, the asset provides added scale, frontage, and strategic optionality. An investor can operate the property as a standalone retail investment, enhance and stabilize the existing tenancy, or integrate it with the southern parcel as part of a larger repositioning or redevelopment play in one of East Hollywood’s most active corridors.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,000 SF
Building Class
C
Year Built
1928
Price
$2,800,000
Price Per SF
$400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
LAC4 - [Q]C4-2D-CPIO
Parking
25 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
100’ on N Western Ave
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
40/100

Nearby Major Retailers

Starbucks
Tempo
Yoshinoya
Smart & Final
Whole Foods Market
Strength RX Cross Fit
Ono Hawaiian BBQ, Inc
Pokéworks
Denny's
Grocery Outlet

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 5536-011-003
  • 5536-011-004
Land Assessment
$489,544
Improvements Assessment
$629,794
Total Assessment
$1,119,338
  • Listing ID: 39960563

  • Date on Market: 3/30/2026

  • Last Updated:

  • Address: 1117 N Western Ave, Los Angeles, CA 90029

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