861 N Western Ave 4,846 SF 100% Leased Retail Building Los Angeles, CA 90029 $3,700,000 ($763.52/SF)

OCAP Real Estate is pleased to present the unique opportunity to acquire 861 N Western Ave, a fully leased ±4,846 square foot retail plaza located at the eastern edge of Melrose Hill—one of Los Angeles’ most dynamic and emerging creative & culinary districts. Situated on a ±0.21-acre parcel with excellent frontage along high-traffic Western Avenue (±30,000 vehicles per day), the property offers rare urban convenience with 12 dedicated on-site parking spaces (±2.5/1,000 SF).
This single-story asset features a stable tenant mix generating consistent rental income, with near-term upside through lease re-tenanting or modest improvements. Zoned LAC4, the property allows for a broad range of commercial uses and offers potential future redevelopment options. Surrounded by a dense population of over 74,000 residents within one mile and located near major Metro lines, 861 N Western benefits from both exceptional visibility and long-term positioning in a high-growth submarket.
With low-maintenance construction and immediate access to East Hollywood, Larchmont Village, and surrounding creative corridors, this offering presents investors with a rare blend of stability, location, and future value. DO NOT DISTURB TENANTS