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Absolute NNN Investment | Silver Lake 451 Silver Lake Blvd 3,698 SF Retail Building Los Angeles, CA 90026 $2,999,000 ($810.98/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Structure (Zero Landlord Responsibilities)
- ±6 Years Remaining on Primary Lease Term with Option to Extend
- *Potential Owner-User Opportunity: Turnkey 2nd-Generation Space with Type-47 Liquor License (Call Broker)
- Rare 10,000+ SF Parking Lot Included
- Established Operator with Full Kitchen, Bar, and Patio
- Prime Silver Lake Location with Strong Traffic Counts
EXECUTIVE SUMMARY
*MOTIVATED SELLER — ALL OFFERS UNDER ACTIVE REVIEW — CALL BROKER FOR INFORMATION.*
Compass Commercial is pleased to present 451 Silver Lake Boulevard, an exceptional investment and/or owner-user opportunity positioned in the heart of Silver Lake — one of Los Angeles’ most vibrant and evolving submarkets. The offering includes a 3,698 SF restaurant building on a 6,329 SF lot, paired with a rare, separately parceled 10,188 SF parking lot providing 24 on-site spaces — a true differentiator in this parking-constrained market.
The property is currently leased to Kalaveras, an established Southern California restaurant group with approximately 25 locations, operating under an absolute NNN lease with a corporate guarantee and no landlord responsibilities. The tenancy provides secure, passive income backed by a proven operator. Additionally, the Tenant holds a Type 47 Liquor License, enhancing operational versatility and long-term demand.
Strategically located between Downtown Los Angeles and Hollywood, the site offers excellent visibility, direct access to Sunset Boulevard and the 101 Freeway, and consistent vehicle traffic. The dedicated parking lot, zoned LA-R2, adds potential for future redevelopment or added value. 451 Silver Lake Blvd represents a rare chance to own a stabilized, management-free asset with intrinsic real estate value and optional upside in one of L.A.’s most supply-constrained and high-growth corridors.
__________________________________
*Tenant-Occupied: Please Do Not Disturb.
*Buyer to verify any and all accuracy of information.
Compass Commercial is pleased to present 451 Silver Lake Boulevard, an exceptional investment and/or owner-user opportunity positioned in the heart of Silver Lake — one of Los Angeles’ most vibrant and evolving submarkets. The offering includes a 3,698 SF restaurant building on a 6,329 SF lot, paired with a rare, separately parceled 10,188 SF parking lot providing 24 on-site spaces — a true differentiator in this parking-constrained market.
The property is currently leased to Kalaveras, an established Southern California restaurant group with approximately 25 locations, operating under an absolute NNN lease with a corporate guarantee and no landlord responsibilities. The tenancy provides secure, passive income backed by a proven operator. Additionally, the Tenant holds a Type 47 Liquor License, enhancing operational versatility and long-term demand.
Strategically located between Downtown Los Angeles and Hollywood, the site offers excellent visibility, direct access to Sunset Boulevard and the 101 Freeway, and consistent vehicle traffic. The dedicated parking lot, zoned LA-R2, adds potential for future redevelopment or added value. 451 Silver Lake Blvd represents a rare chance to own a stabilized, management-free asset with intrinsic real estate value and optional upside in one of L.A.’s most supply-constrained and high-growth corridors.
__________________________________
*Tenant-Occupied: Please Do Not Disturb.
*Buyer to verify any and all accuracy of information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,698 SF
Building Class
C
Year Built/Renovated
1956/2021
Price
$2,999,000
Price Per SF
$810.98
Cap Rate
8%
NOI
$240,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.38 AC
Zoning
LA-CR / LA-R2 - Restaurant Building and Parking Lot
Parking
24 Spaces (6.49 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Freeway Visibility
- Restaurant
- Signalized Intersection
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $292,090 | |
| Land Assessment | $506,894 | Total Assessment | $798,984 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$506,894
Improvements Assessment
$292,090
Total Assessment
$798,984
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Absolute NNN Investment | Silver Lake | 451 Silver Lake Blvd
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