We scoured Los Angeles to find you this week’s best commercial listings.
NEW LISTING | MULTIFAMILY | 4032 STEVELY AVE.
LISTED AT $1,999,900 | LEIMERT PARK | 9 UNITS | 6% CAP RATE
Leimert Park is a residential neighborhood in the South Los Angeles region of Los Angeles, California. It was developed in the 1920’s as a master-planned community featuring Spanish Colonial Revival homes and tree-lined streets. Situated on a 8,100 square foot lot, the offering boasts an outstanding unit mix of all Two-bedroom/ Two-bathroom units. The is individually metered for gas and electricity. There are Eight parking spaces and an on-site storage shed. The building is a turnkey asset and has been well maintained by the owner. The property contains stable in-place rents as well as legitimate rental upside. The building is close by the new train station. Courtesy of Keller Williams Realty Westside.
NEW LISTING | MULTIFAMILY | 421 RIVERDALE DR.
LISTED AT $5,498,000 | GLENDALE | 16 UNITS | 6.40% CAP RATE
The property’s convenient location in southern Glendale is adjacent to the trendy neighborhoods of Atwater Village, Silver Lake, Los Feliz, and Burbank. The cottages LA are comprised of a beautiful Spanish design property of 16 one bedroom one bath bungalow apartments. The bungalow units are situated on nearly 25,000 square feet of landscaped court yard grounds, with nine garages and twelve uncovered parking spaces. For several years, current management has been successfully operating the asset as short term furnished rentals with all utilities included, commanding monthly rents averaging over $2,300 per unit in the last 12 months (including vacancy factor), with all utilities included. There is significant additional revenue from parking and garage income. Courtesy of Hudson Partners.
This 9,141 Square Foot building is situated upon an approximately 8,560 Square Foot lot, zoned LAC2. The site consists of an approximately 5,792 square foot office space on the upper level occupied by Mercer Vine, a dynamic real estate brokerage that presents strong and stable tenancy. The bottom level consists of an approximately 3,349 square foot commercial space that is currently vacant, and presents a phenomenal opportunity to add value to the property. Courtesy of Concord Real Estate Services.
Located on the corner of W. Verdugo and Flower Street, at 401 S. Flower Street; the property is utilized as a production and post-production facility. The real estate consists of an approximate 5,682 square foot, single tenant, free standing building situated on a 7,971 square foot lot (0.18 acres). Built in 1979 and renovated in 2006, this industrial flex building is concrete block construction on a poured concrete slab. The subject property has an open surface parking lot with 10 spaces (1.76/1,000 ratio). Additional building specs include: 80% office build out, fully equipped kitchen, one (1) ground level loading door, 16 foot clear height, and 600AMP/3P power (buyer to verify). The subject property is located near the Glendale/Burbank border just west of the 5 Freeway and with easy access to the 134 Freeway. Courtesy of Agnew Serling Real Estate Investment Services.
NEW LISTING | RESTAURANT LEASE | 13484 WASHINGTON BLVD.
LISTED AT $66/ SF/ YEAR | MARINA DEL REY | 3,801 SF
Neighborhood sports bar and restaurant for sale or lease. Property is located near one of the busiest intersections in Los Angeles. Asking $100,000 key money. Restaurant currently has an type 47 ABC license and is open until 2:00am, 7 days a week. Current tenant’s lease ends on September 30, 2018. Courtesy of Coldwell Banker Commercial.
NEW LISTING | RESTAURANT LEASE | 2004 SAWTELLE BLVD.
LISTED AT $120/ SF/ YEAR | WEST LOS ANGELES | 8,800 SF
2004 Sawtelle Boulevard, Los Angeles is an existing restaurant with patio. The valet parking (weekend evenings) is in the rear. The Nets are approximately $2,100 per month and include water. Courtesy of Cityspace.
NEW LISTING | RESTAURANT LEASE | 7563-7565 BEVERLY BLVD.
LISTED AT $55.80 / SF/ YEAR | FAIRFAX DISTRICT | 2,400 SF
KEY MONEY: $249,000. NNN = $717/month (2018). Full, Type 47 Liquor License. Turn Key Restaurant Opportunity. Restaurant Infrastructure in Place with Large Hood, Large Storage Area, and 2 ADA Restrooms. Excellent Beverly Grove Location, Across from Pan Pacific Park, The Grove and CBS Studios. Heavy Car & Pedestrian Traffic. Gorgeous, Recently Remodeled Interior and Exterior Aesthetic. Courtesy of Commercial Asset Group.
For more information on these properties or similar ones, please feel free to contact us anytime.
PLG Estates, an independent member broker does not guarantee the accuracy of information provided. Buyer is advised to independently verify the accuracy of all information. Broker / Agent providing information may or may not have been the listing and/or selling Agent.