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345 N La Brea Ave 12,335 SF 100% Leased Retail Building Los Angeles, CA 90036 $6,000,000 ($486.42/SF) 8.33% Cap Rate
Investment Highlights
- Heavy traffic count
- Just blocks from the High End Hancock Park District
- Parking behind and under the building
- Frontage to La Brea Ave
- Elevator
- Value add available with rooftop and 40% vacancy
Executive Summary
REVISED UNDER NEW DIRECT MANAGEMENT. Seller offers this exceptional property with no 1031 conditions. Seller may consider a seller carryback with a first trust deed only. Buyer must present financials and have a good commercial real estate investment portfolio. Seller can offer 5, 7, or 10 year interest only note at competitive rates depending on down payment criteria. This building has 14 subteranian parking spots, access from back entry, "sub-teranian parking WITH automatic security gate, ground, 2 nd floor, and rooftop income" serviced by elevator. Building now has 100% occupany. This property is LAC2 with many zoning development opportunities available that meet ZIMAS and code standards. SubTeranian Garage is sprinklered. *GLA Subject to verification. Current annual rents: $565,212.00 (optional for a new buyer: Rooftop easement sale boosting annual income for 10 year payout of $171,000 per year onto the proforma boosting annual income up to $733,212. (gross rents) This would be an incredible cap rate for North LaBrea Ave. Contact listing agent for a current rent roll.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$641,424
|
$52.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$641,424
|
$52.00
|
| Taxes |
$56,000
|
$4.54
|
| Operating Expenses |
$76,000
|
$6.16
|
| Total Expenses |
$132,000
|
$10.70
|
| Net Operating Income |
$509,424
|
$41.30
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $641,424 |
| Annual Per SF | $52.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $641,424 |
| Annual Per SF | $52.00 |
| Taxes | |
|---|---|
| Annual | $56,000 |
| Annual Per SF | $4.54 |
| Operating Expenses | |
|---|---|
| Annual | $76,000 |
| Annual Per SF | $6.16 |
| Total Expenses | |
|---|---|
| Annual | $132,000 |
| Annual Per SF | $10.70 |
| Net Operating Income | |
|---|---|
| Annual | $509,424 |
| Annual Per SF | $41.30 |
Property Facts
Sale Type
Investment
Property Type
Building Size
12,335 SF
Building Class
B
Year Built
1986
Price
$6,000,000
Price Per SF
$486.42
Cap Rate
8.33%
NOI
$500,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
1.49
Lot Size
0.19 AC
Zoning
LAC2 - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Use
Parking
14 Spaces (1.13 Spaces per 1,000 SF Leased)
Frontage
105’ on La Brea Ave
Amenities
- 24 Hour Access
- Courtyard
- Food Court
- Restaurant
- Signage
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5525-033-030 | Total Assessment | $4,447,364 (2025) |
| Land Assessment | $1,306,116 (2025) | Annual Taxes | $56,000 ($4.54/SF) |
| Improvements Assessment | $3,141,248 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5525-033-030
Land Assessment
$1,306,116 (2025)
Improvements Assessment
$3,141,248 (2025)
Total Assessment
$4,447,364 (2025)
Annual Taxes
$56,000 ($4.54/SF)
Tax Year
2026
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345 N La Brea Ave
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