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1430 S La Brea Ave 2,836 SF 100% Leased Retail Building Los Angeles, CA 90019 $800,000 ($282.09/SF)
Investment Highlights
- PROBATE SALE - SUBJECT TO COURT CONFIRMATION AND POSSIBLE OVERBID
- Prominent frontage along La Brea Avenue with traffic counts exceeding 60,000 vehicles per day
- Contact broker for details regarding current tenancy
- ±2,300 square foot commercial building fronting La Brea Avenue plus a separate ±600 square foot residential unit at the rear of the property
- Less than one mile from I-10 Freeway & convenient access to Beverly Grove, Hancock Park, Miracle Mile, Culver City, West Adams, DTLA
Executive Summary
The CREM Group is pleased to present 1430 S. La Brea Avenue, a unique mixed-use property situated along the highly trafficked La Brea Avenue corridor between Venice Boulevard and Pico Boulevard in the heart of Los Angeles' Mid-Wilshire neighborhood. The property consists of approximately 2,836 square feet of improvements situated on a 4,480 square foot C2-zoned parcel. Improvements include a multi-tenant commercial building of approximately 2,300 square feet fronting La Brea Avenue and a separate approximately 600 square foot residential unit at the rear of the property with alley access. The front building is currently configured as two separate units and is occupied by residential tenants, although the building is not permitted for residential use. Please contact the broker for additional information regarding the existing tenancy.
PROBATE SALE - SUBJECT TO COURT CONFIRMATION AND POSSIBLE OVERBID
PROBATE SALE - SUBJECT TO COURT CONFIRMATION AND POSSIBLE OVERBID
Property Facts
Sale Type
Investment
Property Type
Building Size
2,836 SF
Building Class
C
Year Built
1948
Price
$800,000
Price Per SF
$282.09
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.63
Lot Size
0.10 AC
Zoning
LAC2
Amenities
- Bus Line
Very walkable
80/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5070-019-035 | Improvements Assessment | $226,400 |
| Land Assessment | $121,890 | Total Assessment | $348,290 |
Property Taxes
Parcel Number
5070-019-035
Land Assessment
$121,890
Improvements Assessment
$226,400
Total Assessment
$348,290
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1430 S La Brea Ave