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Retail Bldg + 10 Unit Apartments 904 N Western Ave 8,576 SF 100% Leased Retail Building Los Angeles, CA 90029 $2,328,000 ($271.46/SF) 4.30% Cap Rate
Investment Highlights
- Heavy Traffic
- expose to major street
- hight traffic count
Executive Summary
A very special mixed-use investment opportunity in the desirable Melrose Hill area of Los Angeles! This income-producing property features three street-facing retail spaces offering excellent visibility along Western Avenue, plus 10 studio units situated at the rear with convenient private alley access. Investors familiar with the neighborhood will appreciate the property’s diversified income stream, high-demand location, and long-term growth potential. Surrounded by established businesses, residential communities, dining, shopping, and public transportation, this is an excellent opportunity to acquire a well-positioned asset in one of Los Angeles’ most dynamic and evolving areas. Bring your vision and discover the possibilities this special property offers. Buyer to verify all property information.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$100,200
|
$11.68
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $100,200 |
| Annual Per SF | $11.68 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,576 SF
Building Class
C
Year Built
1930
Price
$2,328,000
Price Per SF
$271.46
Cap Rate
4.30%
NOI
$100,200
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.12
Lot Size
0.18 AC
Zoning
C2-2, Los Angeles - LAC4
Parking
6 Spaces (0.79 Spaces per 1,000 SF Leased)
Frontage
56’ on Western Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Brewyard Beer Co
- Wholesaler
- -
- -
- -
- El Jocoreno
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Brewyard Beer Co | Wholesaler | - | - | - | ||
| El Jocoreno | Accommodation and Food Services | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5535-020-010 | Improvements Assessment | $241,082 |
| Land Assessment | $557,522 | Total Assessment | $798,604 |
Property Taxes
Parcel Number
5535-020-010
Land Assessment
$557,522
Improvements Assessment
$241,082
Total Assessment
$798,604
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Retail Bldg + 10 Unit Apartments | 904 N Western Ave