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The Kipling 4083 W 3rd St 3,965 SF of Retail Space Available in Los Angeles, CA 90020
HIGHLIGHTS
- 9 Dedicated Subterranean Parking.
- 2nd Generation Retail/Restaurant.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,965 SF | Negotiable | $45.00 /SF/YR $3.75 /SF/MO $178,425 /YR $14,869 /MO | Triple Net (NNN) |
1st Floor
3,965 SF of 2nd Gen Restaurant/Retail Space in Koreatown available for lease. Space Delivered in Grey Shell with Restaurant Infrastructure (Vent Shaft, Bathroom connections, Grease Interceptor). $1/SF BROKER BONUS.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Corner Space
- Prime Location in Koreatown
- Separate Metering for Electricity, Water, and Gas.
- Traffic Counts: W 3rd St & S Ardmore Ave 41,677
- Property Boasts 133 Residential Units.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 3,965 SF | Gross Leasable Area | 3,965 SF |
| Property Type | Retail | Year Built | 1928 |
| Property Subtype | Restaurant |
| Total Space Available | 3,965 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 3,965 SF |
| Year Built | 1928 |
ABOUT THE PROPERTY
This 3,965 square foot retail space, a former izakaya restaurant, is now available for lease at the Kipling Apartments in Los Angeles. Key features Prime Location: Situated on a signalized corner in Koreatown. Versatile Space: Formerly operated as an Izakaya restaurant, this space can accommodate various retail or restaurant concepts. Ample Parking: The property offers convenient onsite parking. Outdoor Patio Area: A dedicated patio space provides an opportunity for outdoor dining or seating. High Visibility & Traffic: Located on a signalized corner with significant traffic counts on W 3rd St & S Ardmore Ave (41,677). Established Area: Located in a vibrant and culturally diverse neighborhood within Koreatown. Potential uses This space is ideal for: Restaurants: Capitalize on the existing infrastructure and patio space for a new dining concept. Cafes & Bars: The patio and high visibility make it suitable for a cafe or bar. Retail Businesses: The prominent location and foot traffic from the 136 residential units within the building could attract various retail ventures. Additional details Condition: Delivered in a partial build-out or grey shell condition with existing restaurant infrastructure (vent shaft, bathroom connections, grease interceptor). Availability: Available now. Rental Rate: Contact for pricing details.
NEARBY MAJOR RETAILERS
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The Kipling | 4083 W 3rd St
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