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1117 N Western Ave 7,000 SF 100% Leased Retail Building Los Angeles, CA 90029 $2,800,000 ($400/SF)
Investment Highlights
- Fully occupied +/-7,000 SF multi-tenant retail building on +/-15,000 SF of C4 commercial land.
- Below-market rents create clear upside, with current gross income of $131,004 versus estimated market gross income of $249,300.
- All retail tenants and the rooftop billboard are month-to-month, providing income with future flexibility.
- Strong Western Avenue frontage, rear surface parking, billboard income, and layered development potential near major Hollywood growth projects.
Executive Summary
1109-1117 N Western Avenue is a fully occupied multi-tenant retail building in East Hollywood, totaling approximately 7,000 square feet on 15,000 square feet of [Q]C4-2D-CPIO commercial land. The property includes four ground-floor retail units, a double-sided Clear Channel rooftop billboard, roughly 100 feet of Western Avenue frontage, and approximately 25 rear surface parking spaces.
All tenants are month-to-month, giving a buyer immediate cash flow with flexibility to hold, re-tenant, reposition, deliver vacant, or pursue long-term redevelopment. The site benefits from TOC Tier 3, Opportunity Zone, AB 2097, ED1 eligibility, and proximity to major nearby projects including Echelon Studios and Sunset & Western.
All tenants are month-to-month, giving a buyer immediate cash flow with flexibility to hold, re-tenant, reposition, deliver vacant, or pursue long-term redevelopment. The site benefits from TOC Tier 3, Opportunity Zone, AB 2097, ED1 eligibility, and proximity to major nearby projects including Echelon Studios and Sunset & Western.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
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
Amenities
- 24 Hour Access
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5536-011-004 | Improvements Assessment | $134,811 |
| Land Assessment | $250,041 | Total Assessment | $384,852 |
Property Taxes
Parcel Number
5536-011-004
Land Assessment
$250,041
Improvements Assessment
$134,811
Total Assessment
$384,852
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1117 N Western Ave