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1160-1164 N Western Ave
Los Angeles, CA 90029
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Two story mixed-use opportunity in East Hollywood
- Ground floor consists of two retail units
- (5) APARTMENTS + (1) RETAIL UNIT WILL BE DELIVRED VACANT AT COE
- First time available for sale in over 40 years!
- Second floor includes (7) apartments: six studios and one 1-bedroom unit
- Rear alley access available from both Virginia Ave. and Lexington Ave.
EXECUTIVE SUMMARY
The Dilanian Commercial Group of RE/MAX Commercial & Investment Realty is pleased to present the opportunity to acquire a ±7,292 SF mixed-use building, offered for sale for the first time in over 40 years. Situated on a ±7,000 SF lot, the property benefits from excellent visibility and frontage along Western Avenue.
The building is comprised of two ground-floor retail units and seven residential apartments on the second floor. (5) APARTMENTS + (1) RETAIL UNIT WILL BE DELIVERED VACANT AT THE CLOSE OF ESCROW.
Ideally located just one block south of the 101 Hollywood Freeway, the property is centrally positioned between West Hollywood, Los Feliz, and Silver Lake, and approximately two miles north of Koreatown.
DO NOT DISTURB TENANTS- ALL TOURS MUST BE COORDINATED THROUGH LISTING AGENT.
**All offers must be submitted on a C.A.R. Commercial contract along with a POF & SREO**
The building is comprised of two ground-floor retail units and seven residential apartments on the second floor. (5) APARTMENTS + (1) RETAIL UNIT WILL BE DELIVERED VACANT AT THE CLOSE OF ESCROW.
Ideally located just one block south of the 101 Hollywood Freeway, the property is centrally positioned between West Hollywood, Los Feliz, and Silver Lake, and approximately two miles north of Koreatown.
DO NOT DISTURB TENANTS- ALL TOURS MUST BE COORDINATED THROUGH LISTING AGENT.
**All offers must be submitted on a C.A.R. Commercial contract along with a POF & SREO**
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,292 SF
Building Class
C
Year Built
1921
Price
$1,895,000
Price Per SF
$259.87
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.04
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
(Q)C4-2D-CPIO - State Enterprise Zone
Parking
10 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
50’ on Western Ave
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 5536-009-003 | Improvements Assessment | $75,237 |
| Land Assessment | $94,358 | Total Assessment | $169,595 |
PROPERTY TAXES
Parcel Number
5536-009-003
Land Assessment
$94,358
Improvements Assessment
$75,237
Total Assessment
$169,595
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