We scoured Los Angeles to find you this week’s best commercial listings.
Please do not disturb tenant. An owner/user or investment opportunity in the heart of Culver City. Very hard to find restaurant space with patio. Entire Building Recently Renovated / Equipped with Unisex Handicap bathroom. Easily accessible via major streets or freeways. Great street exposure in heavily populated and trafficked neighborhood. 3 parking spaces in rear included plus ample street parking in front of building and on side street. Located between Barman Avenue and Braddock Drive. Courtesy of Par Commercial.
NEW LISTING | RESTAURANT | 2423 ARTESIA BLVD.
LISTED AT $916,000 | REDONDO BEACH | 1,570 SF
The property is a 1,570 square foot single-tenant absolute NNN investment property situated on 3,744 square feet of land with 8 parking spaces. A new patio has also been recently added, which improves the functionality of the restaurant. Brogino’ s Italian Restaurant has 9 years left on the lease with one 5-year option. There are also 2.5% annual increases throughout the length of the lease and options. If the tenant ever sells the business, the rent will be increased by an additional $400 per month for the next operator. This is a great opportunity for an investor looking for a very safe and passive investment along the Southern California coast with a very favorable capitalization rate of 4.75%.
Brogino’ s Italian Restaurant, the tenant, has been a local restaurant destination for the South Bay since 1977. They have a great following and have 4.3 stars on OpenTable. Brogino’ s proudly makes all of their sauces from scratch and their bread and pizzas are made fresh daily. They offer many excellent wines from Italy and California. They also have a full bar and are famous for the best martinis in town. Brogino’ s is family owned and they are proud of it. Courtesy of CBRE.
Built in 1970, the building is a two-story 10,940 square foot property, with 5,469 square feet of leasable space. Situated on a 5,590 square foot lot, the entire first floor is a gated garage with 18 individual spaces. Located in the heart of West Hollywood, this unique property features a strong identity and presence on Fairfax Avenue. The building’ s design lends itself to medical and traditional office uses. The interior is improved with laminate flooring and a combination of well-appointed private offices, work stations, and conference areas. Courtesy of Marcus & Millichap.
NEW LISTING | OFFICE | 5790 WASHINGTON BLVD.
Great small building for an art gallery or creative office. The property was completely remodeled in 2010.Features include a bow truss ceiling and a private back patio. Do not disturb tenant. Courtesy of Coldwell Banker.
NEW LISTING | MULTIFAMILY | 904 NORTH GARDNER ST.
UNDER $300K A UNIT and UNDER $400 a FOOT. One of the BEST priced properties on the market in West Hollywood. Great for a 1031 exchange!
Gardner Apartments is a charming seven (7) unit apartment building in the highly desirable West Hollywood rental market. Comprised of one (2+1) six (1+1), Gardner Apartments is a great re-position opportunity with five (5) of the seven (7) units currently rented below market. The laundry is currently owned, which allows the new owner to keep 100% of the income generated, as well as some of the (1+1) units have tandem parking spaces which is a premium. Courtesy of KW Commercial.
NEW LISTING | MULTIFAMILY | 1853 WEST ADAMS BLVD.
LISTED AT $1,200,000 | LOS ANGELES | 4 UNITS | 9% CAP RATE
Nice Four Plex, All unite are rented,, close to schools, University and parks.
NEW LISTING | RETAIL | 5032 VENICE BLVD.
LISTED AT $1.72 / SF/ MONTH | LOS ANGELES | 4,002 SF
Open, High Ceiling, Flex Space on Venice Blvd – Just One Block West of La Brea. Corner Property that is Great for Retail, Manufacturing, Distribution Warehouse or any other use under LACM zoning. Skylights, Roll Up Door, Rear Gated Parking, and Great Signage.
The first year of this lease will be a sublease from the current tenant who is moving to a larger facility. A lease term of Five or more Years is available – Landlord is cooperating with the tenant.
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.