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11705-11711 National Blvd 9,076 SF 100% Leased Retail Building Los Angeles, CA 90064 $8,700,000 ($958.57/SF) 5% Cap Rate
Executive Summary
Positioned at the highly visible corner of National Boulevard and South Barrington Avenue in West Los Angeles, this retail and office center
offers investors an exceptional opportunity in one of the city’s most desirable submarkets and includes a 3,287 square foot creative office space
located on the 2nd floor available to an owner/user. The property encompasses approximately 21,985 square feet of land with 8,576 square
feet of gross leasable area across two addresses. With 31 parking spaces and a building FAR of 0.39 on C2-1VL zoned land, the center provides
significant value-add potential for future development. The strategic location benefits from strong demographics, high traffic counts, and
proximity to major employers, entertainment venues, and affluent residential neighborhoods. This turnkey investment combines immediate
cash flow with long-term upside in one of Los Angeles’ most resilient retail corridors.
offers investors an exceptional opportunity in one of the city’s most desirable submarkets and includes a 3,287 square foot creative office space
located on the 2nd floor available to an owner/user. The property encompasses approximately 21,985 square feet of land with 8,576 square
feet of gross leasable area across two addresses. With 31 parking spaces and a building FAR of 0.39 on C2-1VL zoned land, the center provides
significant value-add potential for future development. The strategic location benefits from strong demographics, high traffic counts, and
proximity to major employers, entertainment venues, and affluent residential neighborhoods. This turnkey investment combines immediate
cash flow with long-term upside in one of Los Angeles’ most resilient retail corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,076 SF
Building Class
C
Year Built
1962
Price
$8,700,000
Price Per SF
$958.57
Cap Rate
5%
NOI
$434,758
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.51 AC
Zoning
C2
Parking
31 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
-
Jan 0000
Chipotle Mexican Grill began in 1993 when Steve Ells opened a restaurant in Denver, Colorado. The company focuses on burritos, tacos, bowls, and salads made with fresh ingredients. Customers can customize their orders while watching the food preparation. Chipotle operates thousands of locations internationally and emphasizes using real food without artificial additives. The chain has grown substantially since its founding and remains a major player in the fast-casual dining industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4257-011-025 | Improvements Assessment | $637,317 |
| Land Assessment | $326,287 | Total Assessment | $963,604 |
Property Taxes
Parcel Number
4257-011-025
Land Assessment
$326,287
Improvements Assessment
$637,317
Total Assessment
$963,604
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11705-11711 National Blvd
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