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8300-8302 W 3rd St
Los Angeles, CA 90048
West Hollywood High-Profile Street Retail · Retail Property For Sale
Investment Highlights
- Multi-tenant NNN investment opportunity with low management requirements and guaranteed lease income.
- Located in Beverly Grove, a premier retail corridor with strong foot traffic and affluent demographics.
- Passive NNN lease structure with tenants responsible for taxes, insurance, utilities, and CAM charges.
- Recently renovated building in excellent condition, minimizing future capital needs.
- Signalized corner position near The Grove and Farmers Market, ensuring high visibility and consumer presence.
- Attractive 1031 exchange candidate with annual 3% rent increases and options to extend lease terms.
Executive Summary
This offering presents a rare opportunity to acquire a multi-tenant, triple-net (NNN) leased retail property located on a highly visible, signalized corner along West 3rd Street in Los Angeles. The property sits within the Beverly Grove district, a vibrant corridor bridging Beverly Hills and West Hollywood, known for its affluent demographics and high pedestrian traffic. The building spans approximately 5,330 rentable square feet on a 4,956-square-foot parcel and has been recently renovated, ensuring excellent condition and minimal capital expenditure for the new owner.
Positioned near iconic destinations such as The Grove and The Original Farmers Market, the property benefits from a Walk Score of 95+, guaranteeing strong accessibility and connectivity. Neighboring tenants include high-end boutiques, flagship retail, and popular culinary establishments, creating a dynamic environment that attracts both local tastemakers and international visitors. With 100% occupancy, a passive NNN lease structure, and annual rent escalations, this asset offers stable income and long-term upside in one of Los Angeles’ most resilient retail markets.
Positioned near iconic destinations such as The Grove and The Original Farmers Market, the property benefits from a Walk Score of 95+, guaranteeing strong accessibility and connectivity. Neighboring tenants include high-end boutiques, flagship retail, and popular culinary establishments, creating a dynamic environment that attracts both local tastemakers and international visitors. With 100% occupancy, a passive NNN lease structure, and annual rent escalations, this asset offers stable income and long-term upside in one of Los Angeles’ most resilient retail markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,310 SF
Building Class
C
Year Built
1957
Price
$4,950,000
Price Per SF
$932.20
Cap Rate
4.31%
NOI
$213,345
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.11
Lot Size
0.11 AC
Zoning
C2, Los Angeles - Commercial
Parking
8 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
53’ on W 3rd St
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 5511-031-039 | Improvements Assessment | $213,098 |
| Land Assessment | $995,247 | Total Assessment | $1,208,345 |
Property Taxes
Parcel Number
5511-031-039
Land Assessment
$995,247
Improvements Assessment
$213,098
Total Assessment
$1,208,345
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