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3rd & Crescent Heights 8065-8075 W 3rd St 37,546 SF Office Building Los Angeles, CA 90048 $25,000,000 ($665.85/SF)
Investment Highlights
- ± 11,491 SF of office space immediately available for a law firm/owner-user to occupy.
- In-place APPROVED super-graphic signage.
- Office space can be delivered vacant.
- ± 37,546 SF mixed-use office building with ground floor retail.
- Surrounded by a dense mix of restaurants, coffee shops, and retail. (Adjacent Retail Pad: Sweetgreen, Verve Coffee, and Uncle Paulie's)
- High visibility property benefiting from ± 20,743 Average Annual Daily Traffic
Executive Summary
Colliers is pleased to present for sale 8075 W. 3rd Street, a ± 37,546 SF mixed-use Office building with ground floor retail located in the prime neighborhood of Beverly Grove.
The office building offers 11,491 square feet of immediately available office space, making it an ideal opportunity for a law firm/owner-user to purchase and occupy the property. Situated on 3rd Street in a highly sought-after Westside location, the property boasts high visibility and a central location.
The adjacent retail pad is also available for sale, offering an investor the rare opportunity to assemble and control a full city block in Beverly Grove.
The office building offers 11,491 square feet of immediately available office space, making it an ideal opportunity for a law firm/owner-user to purchase and occupy the property. Situated on 3rd Street in a highly sought-after Westside location, the property boasts high visibility and a central location.
The adjacent retail pad is also available for sale, offering an investor the rare opportunity to assemble and control a full city block in Beverly Grove.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
37,546 SF
Building Class
B
Year Built/Renovated
1981/2015
Price
$25,000,000
Price Per SF
$665.85
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
7,509 SF
Slab To Slab
11’
Building FAR
2.97
Lot Size
0.29 AC
Zoning
C2-1VL-0
Parking
123 Spaces (3.49 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Bus Line
- Courtyard
- Property Manager on Site
- Bicycle Storage
- Central Heating
- Natural Light
- Air Conditioning
Walk Score®
Walker's Paradise (96)
Property Taxes
| Parcel Number | 5511-022-032 | Improvements Assessment | $19,259,652 |
| Land Assessment | $4,326,660 | Total Assessment | $23,586,312 |
Property Taxes
Parcel Number
5511-022-032
Land Assessment
$4,326,660
Improvements Assessment
$19,259,652
Total Assessment
$23,586,312
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3rd & Crescent Heights | 8065-8075 W 3rd St
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