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LA Commercial Listings Weekly Roundup 2.15.16

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

For Sale


NEW LISTING | LAND | 10916 OTSEGO ST.

10916 OTSEGO ST

PRICED AT $850,000 | NORTH HOLLYWOOD | SF: 5,805

Great opportunity for a builder or end users. Located in North Hollywood, Arts District and Toluca Lake, Up and coming area. Courtesy of Teles Properties.


 NEW LISTING | MULTIFAMILY | 2806 7th AVE.

2806 7TH AVE ALTLISTED AT $1,195,000 | LOS ANGELES | 5 UNITS | 5.15% CAP RATE

Gorgeous Spanish Revival 5-PLEX with quality capital improvements located in rapidly emerging Jefferson Park. Current income of $7,380/month – $88,560/year with solid upside in rents and very low maintenance. The site consists of 2 buildings, 5 gated parking spaces, and 5 storage garages. The front building is a huge FOURPLEX composed of 2 bed/1 bath (sep. tub & shower) units that average 1,450 SF. Each unit has the feel of a home and is loaded with charm & character featuring arched doorways, coved ceilings, wall niches, wood floors, Palladian windows, & many oversized windows throughout. The back building is a private and separate SINGLE FAMILY HOME. Each residence has laundry in unit. Capital improvements (2011) include: New roof, new Milgard dual pane windows, new PEX plumbing, new concrete driveway and parking lot, foundation work, exterior paint, & more. Easy access to many of the best parts LA has to offer, The Grove, DTLA & West Side, & minutes to the Metro Expo Line. Courtesy of Berkshire Hathaway HomeServices.


NEW LISTING | MULTIFAMILY | 5400 RADFORD AVE.

5400 RADFORD AVE ALTLISTED AT $3,295,000 | VALLEY VILLAGE | 14 UNITS | 4% CAP RATE

The pride of ownership 14 unit apartment building located in the desirable area of Valley Village. The property is not subject to rent control and there is upside in the existing rents.
The unit mix consists of (14) one bedroom one bath units. The units feature granite kitchen countertops, dishwashers, center HVAC, and fireplaces. The majority of the units have private balconies and hardwood floors. The complex features on-site laundry, secured parking, intercom access, and 21 parking spaces.

The Valley Village community is a highly desirable area rich in cultures and traditions and centrally located with easy access to public transportation and bike paths. The surrounding area features established well-kept single family homes and a variety of shopping centers, restaurants, churches and schools. Tenants enjoy easy access to the 170, 101, and 5 freeways and metro rail system, the red line, and the orange line. Courtesy of KW Commercial.


 NEW LISTING | MULTIFAMILY | 14417 TIARA ST.

14417 TIARA ST ALT

LISTED AT $3,250,000 | SHERMAN OAKS | 15 UNITS | 4% CAP RATE

* 15-unit apartment building
* $130,332 current actual annual net income
* 4.0% actual cap rate
* 100% occupied
* Spacious 1-bdrm/1-bath units (Over 800 SF on average)
* 6 single floor units + 9 townhouse-style units (2 floors)
* All units have dishwashers
* Secure subterranean parking for 19 vehicles
* Great North Sherman Oaks location! (new Council boundary change)
* Zoned LA RD1.5.  Courtesy of Major Properties.


 

NEW LISTING | INDUSTRIAL | 4831 WEST JEFFERSON BLVD.

4831 W JEFFERSON BLVD ALT

LISTED AT $1.44/ SF/MONTH | LOS ANGELES | SF: 5,200

A brick industrial building containing approximately 4600 SF of ground floor and approximately 5000 SF of M1-1VL land with a Q overlay.
Including 600 SF ground floor office space and 600 2nd floor office space with 5 rooms and 3 bathrooms. Includes a second entrance to the warehouse.

This building has many beautiful potential uses and is in rapidly growing Artist District of West Adams. Located off of Jefferson Blvd, just a few blocks from the Metro Station at Exposition/LaBrea. Minutes east of Culver City and easy access to the 10 Freeway at La Brea or Crenshaw exits. Ample parking and more than enough room for company signs and advertising.


For Lease


NEW LEASE LISTING | RETAIL | 1941 WESTWOOD BLVD

1941 WESTWOOD BLVD alt

LISTED AT $4/SF/MONTH | LOS ANGELES | SF: 2,600

Superb tenant mix with great restaurants – featured in NY Times and Top Chef
Convenient to 405 and 10 freeways
Well maintained, family-run property

2600 sq ft dance/fitness studio
18 ft vaulted lattice ceilings
400 sq ft dedicated patio
Imported Brazilian hardwood floors
Large lanai windows
Great light
Two bathrooms
No shared walls. Courtesy of Westwood Court.


NEW LEASE LISTING | RETAIL | 7522 MELROSE AVE.

7522 Melrose Ave Alt

LISTED AT $2.79/SF/MONTH | LOS ANGELES | SF: 1,078

Prime Space available on Mid Melrose Ave.

Currently a clothing store, but zoned to have any type of business. Conversions to a small restaurant, food service, or salon, are all possible.

Melrose is in the midst of a multi-million dollar beautification process between Fairfax and La Brea. Stake you place in the dead center of it now! At 1078 sf. it is one of the coveted smaller spaces available on Melrose Ave. Your shop has a security gate and parking spaces in the back.


NEW LEASE LISTING | RETAIL | 465 NORTH RODEO DR.

465 NORTH RODEO DR. alt

PRICE: NEGOTIABLE | BEVERLY HILLS | SF: 1,370

FRONTAGE
20 FT on North Rodeo Drive

SITE STATUS
Currently Zadig & Voltaire

NEIGHBORS
Bottega Veneta, Charlotte Olympia, Herve Leger, La Perla, Chanel, Vera Wang, Hermès and Giorgio Armani

– This space is being offered as a sublease by Zadig & Voltaire
– Stunning retail store on famed Rodeo Drive
– Turn key installation
– Adajcent to Dsquared2 and Saint Laurent Paris
– Ground Floor 1,100 SF
– Mezzanine 270 SF
– Total 1,370 SF. Courtesy of Robert K. Futterman and Associates.


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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