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LA Commercial Listings Weekly Roundup 11.28.16

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We scoured Los Angeles to find you this week’s best commercial listings.

For Sale


NEW LISTING | RESTAURANT | 1241 VINE ST.

1241 VINE ST ALT

LISTED AT $165,000 | HOLLYWOOD | 1,200 SF 

TURNKEY RESTAURANT WITH LARGE CUSTOMER BASE! FREE GAS AND WATER UTILITIES! Rent only at $2,700 a month! Indoor and Patio area with seating capacity of up to 35. Two-level restaurant that serves delicious sandwiches, drinks, salads, Mediterranean food (such as Kabobs, Tabouli, Greek Salad etc) with a lot of customers that include catering to workers in the surrounding office buildings and business establishments. The inside is pleasant and has simple yet tasteful decor. Seating capacity of up to 35 including patio. 2 POS Systems, Camera Systems, AC installed less than 2 years old.


 NEW LISTING | RESTAURANT  | 123 NORTH FAIRFAX AVE.

123 NORTH FAIRFAX AVE ALT

LISTED AT $4.74 / SF / MONTH | WEST HOLLYWOOD | 2,048 SF

Turnkey restaurant location with key money. Current lease expires 5/31/2020, with two five-year options. Annual 4% increases. Space has a patio and a type 47 liquor license.


NEW LISTING | RESTAURANT  | 514 WEST 7TH ST.

514 WEST 7TH ST ALT

NEGOTIABLE PRICE | DOWNTOWN LOS ANGELES | 6,000 SF

Restaurant ready space with beer/wine license located next to one of the highest grossing restaurants in America (Bottega Louie). Consisting of approximately 4,200 rentable square feet of interior space and 1,800 RSF of rear patio seating, Soi7 restaurant is one of the most sought after spaces in Downtown LA. Courtesy of District Realty Group.


NEW LISTING | RETAIL | 818 NORTH LA BREA AVE.

818 north la brea ave ALT

LISTED AT $4,450,000 | LOS ANGELES | 5,350 SF

2 tenant, 2 story mid-century modern building with good on-site parking. Ground floor vacant (2,670 sf) for owner/user. Gated facility with access control & intercom system. Exposed beam ceiling & spiral A/C during in ground floor unit. See attached flyer for interior photos, floor plans & income/expense information. Courtesy of Locker Realty Corp.


NEW LISTING | LAND | 6561 FRANKLIN AVE.

6561 FRANKLIN AVE ALT

LISTED AT $1,700,000 | HOLLYWOOD | 4,988 SF

We are pleased to present this opportunity to purchase an incredibly well located income property and potential development site in Hollywood. The 4,988 SF lot is currently improved by a beautiful 2,236 French Normandie style three-bedroom single family residence with six parking spaces. The house was renovated in 2010 and is currently earning $9,000 per month in short-term rental income on a furnished basis. Courtesy of Berkadia.


NEW LISTING | LAND | 901 NORTH OGDEN DR.

901 NORTH OGDEN DR ALTLISTED AT $1,300,000 | WEST HOLLYWOOD | 5,480 SF

The West Hollywood Development site is located at 901 N. Ogden Drive in the City of West Hollywood, Ca 90046, on approximately 5,480-square-foot parcel with WDR3B Zoning. The property is situated in the City of West Hollywood jurisdiction. Possible design option includes Acquisition/Rehab existing Single Family Home or One Lot Condominium Subdivision, three stories, with possible rooftop gardens and decks offering panoramic views of and the Hollywood Hills. Each residence may have 3 bedrooms and 2.5 baths, with attached 2-car garages. Another possible design option includes up to an 4 unit quadplex filling a defined need for new housing in the City of West Hollywood. The quadplex scenario would cater to the urban professional who enjoys living within close proximity to many cultural attractions, employment, shops and entertainment. Courtesy of Marcus & Millichap.


NEW LISTING | MULTIFAMILY | 1817 SOUTH HIGHLAND AVE.

1817 SOUTH HIGHLAND AVE ALTLISTED AT $1,400,000 | MID-CITY | 6 UNITS | 7.15% CAP RATE

Fully VACANT Six-unit Compound, located in one of Los Angeles’ most CENTRAL neighborhoods; in close proximity and ease of access to major employment hubs and entertainment venues. Situated on a quiet, tree lined block, the property features four One-Bedroom units; one Junior-One-Bedroom unit and one Two-Bedroom unit. All units have one Bathroom. Currently 8 parking spaces; opportunity to create 3 additional parking spaces, for a total of 11 parking spaces. Units are separately metered for gas and electric utilities, keeping Landlord expenses low. Laundry room on-site. Rents are projections for After Repair Value. Expenses are estimates. Property needs work, FIXER, and is being sold As-Is. All units are VACANT. Courtesy of The Goldfinger Group.


NEW LISTING | MULTIFAMILY | 942 NORTH CURSON AVE.

942 NORTH CURSON AVE ALTLISTED AT $1,900,000 | WEST HOLLYWOOD | 6 UNITS | 2.4% CAP RATE

One fully renovated unit just rented for $2,600 with new kitchen, bath, appliances, windows, fixtures and more. This building has a fresh coat of paint and new low maintenance & low water landscaping. This is the lowest price per square foot investment in the area for sold 4 unit income property comparables. Located one half block South of thriving Santa Monica Blvd and just south of Sunset Blvd’s recent renaissance. Walk Score of 90 – Walking distance to shops, bars, restaurants,entertainment and public transit on both major thoroughfares add to this property’s long-term appreciation. The building has four (4) 1+1 units that average 900 square feet each with open, spacious floor plans with plenty of light. Each unit has its own water heater and laundry hookups. There are 4 parking spaces available along with driveway parking. Over 65% in rental upside. Courtesy of Concord Real Estate Services.


NEW LISTING | MULTIFAMILY | 2728 ARIZONA AVE.

1817 SOUTH HIGHLAND AVE ALTLISTED AT $2,895,000 | SANTA MONICA | 6 UNITS | 3.60% CAP RATE

Priced at only 17.5 x current rents and 14.6 GRM with rents at market. 20.1% upside potential in rents. Great unit mix of 1/1 and 2/1 units, including a 2/1 Townhouse. Corner lot in prime Santa Monica location. 3.7% return with current rents; 5.8% return with market rents. Three (3) units delivered vacant at close of escrow. Courtesy of Stepp Commercial.


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.

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