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Freestanding Bar & Restaurant - La Brea/Pico 1350 S La Brea Ave 1,710 SF Retail Building Los Angeles, CA 90019 $1,590,000 ($929.82/SF)
Investment Highlights
- Visibility along busy La Brea Ave
- Rare freestanding bar / restaurant property
- Nearby many major national retailers
Executive Summary
Freestanding building used as a bar and restaurant. Sale/transfer of ABC liquor license possible.
Located just north of the busy La Brea Ave and Pico Blvd intersection, a busy thoroughfare that sees approximately 62k cars pass daily. Property sits immediately adjacent to major retailers Target, Michael's, and Sprouts Farmers Market. Nearby Midtown Shopping Center and Midtown Crossing features national tenants such as Yoshinoya, Ralphs, Living Spaces, Bank of America, CVS, Planet Fitness, Starbucks, Chase Bank, Wells Fargo, Lowe's, Panda Express, Chipotle, Blaze Pizza, GNC, Ross, Bath & Body Works, and more.
Showings to be conducted for qualified Buyers only.
Located just north of the busy La Brea Ave and Pico Blvd intersection, a busy thoroughfare that sees approximately 62k cars pass daily. Property sits immediately adjacent to major retailers Target, Michael's, and Sprouts Farmers Market. Nearby Midtown Shopping Center and Midtown Crossing features national tenants such as Yoshinoya, Ralphs, Living Spaces, Bank of America, CVS, Planet Fitness, Starbucks, Chase Bank, Wells Fargo, Lowe's, Panda Express, Chipotle, Blaze Pizza, GNC, Ross, Bath & Body Works, and more.
Showings to be conducted for qualified Buyers only.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,710 SF
Building Class
C
Year Built
1940
Price
$1,590,000
Price Per SF
$929.82
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.14 AC
Zoning
C2
Parking
8 Spaces (4.68 Spaces per 1,000 SF Leased)
Frontage
48’ on S La Brea
Very walkable
80/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5070-001-023 | Improvements Assessment | $31,104 |
| Land Assessment | $66,161 | Total Assessment | $97,265 |
Property Taxes
Parcel Number
5070-001-023
Land Assessment
$66,161
Improvements Assessment
$31,104
Total Assessment
$97,265
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Freestanding Bar & Restaurant - La Brea/Pico | 1350 S La Brea Ave