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1651-1657 N La Brea Ave 5,603 SF 100% Leased Retail Building Los Angeles, CA 90028 $7,000,000 ($1,249.33/SF) 5% Cap Rate
Investment Highlights
- Signalized Intersection
- Excellent Mix of Residential, Commercial, Office and Entertainment
- Close Proximity to Numerous Tourist Destinations
- High Foot Traffic
- Public Transportation Easily Accessible
Executive Summary
Presenting a Generational Opportunity Located in the Heart of Hollywood at the signalized SW corner of Hollywood & La Brea. First time on the market in over 38 years. This property offers an investor a rare and unique opportunity to acquire a trophy property within walking distance to many of Hollywood's top attractions including the Hollywood Walk of Fame, The TCL Chinese Theatre and the Dolby Theatre. There are over $5.3 Billion in current and near term development projects within 3 miles of the property. The property has recently undergone several improvements including a fresh new Santa Barbara inspired paint scheme, re-sealing of the roof and re-striping of the parking lot.
Zoning for the subject property is (Q)C4-2D-CPIO
Zoning for the subject property is (Q)C4-2D-CPIO
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,603 SF
Building Class
B
Year Built
1980
Price
$7,000,000
Price Per SF
$1,249.33
Cap Rate
5%
NOI
$350,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.25 AC
Zoning
(Q)C4-2D-CPIO - (Q)C4-2D-CPIO
Parking
12 Spaces (2.14 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signalized Intersection
Walk Score®
Walker's Paradise (98)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5548-008-042 | Improvements Assessment | $634,521 |
| Land Assessment | $1,073,823 | Total Assessment | $1,708,344 |
Property Taxes
Parcel Number
5548-008-042
Land Assessment
$1,073,823
Improvements Assessment
$634,521
Total Assessment
$1,708,344
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1651-1657 N La Brea Ave
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