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463-467 S La Brea Ave 5,250 SF Retail Building
ABOUT 463-467 S LA BREA AVE , LOS ANGELES , CA 90036
| Price | Not Individually For Sale | Property Subtype | Storefront Retail/Office |
| Building Size | 5,250 SF | Building Class | C |
| Property Type | Retail | Lot Size | 0.12 AC |
| Price | Not Individually For Sale |
| Building Size | 5,250 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Lot Size | 0.12 AC |
EXECUTIVE SUMMARY
Located at the signalized intersection of 6th Street and the vibrant S La Brea Avenue, this strip center comprised of two adjacent parcels offers high-visibility, abundant foot-traffic, and proximity to the renowned “Miracle Mile.” Currently built out as four suites, the property boasts a diverse tenant mix with a home furnishing store that has occupied the space for 26 years, and antique store that has been there for 30 years, a home-improvement store, and a cannabis dispensary. The suites benefit from the “prime-on-prime” exposure, with nearly 44,000 average daily vehicles passing by on S La Brea Avenue and over 22,000 average daily vehicles from 6th Street. Some of the suites are newly renovated and feature high ceilings, an open floor plan, and modern finishes throughout. While the consumer base from this highly walkable area has afforded long-term tenancy, there is a future Metrolink station being installed one block south of the property which will further help businesses lucky enough to call this building home. Just a few steps away from a plethora of national and local retailers and dining options including Starbucks, Target, and Republique, this established commercial corridor has thrived due to strong surrounding demographics. Immediately surrounding the property, the average household income in a one-mile radius is nearly $118,000, and within three miles over 525,000 people contribute to a consumer spending total of an impressive $5.3 billion.
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