We have scoured Los Angeles to find you this week’s best commercial listings.
NEW LISTING | MULTIFAMILY | 1301 NORTH STANLEY AVE.
LISTED AT $2,900,000 | WEST HOLLYWOOD | 10 UNITS
1301 North Stanley Avenue, Los Angeles, CA 90046, is a 10 Unit Apartment community in an exceptional rental market. The asset is sited on the prominent corner of Stanley Avenue and Fountain Avenue and just blocks from La Brea Avenue.
Built in 1926, this well-maintained building consists of four (4) One Bedroom/One Bathroom, Two (2) Jr. Singles and Four (4) Large Studio Lofts.
The asset features separately metered gas & electrical metering, common area laundry facilities and parking for 10 vehicles.
The current owners have completed a very tasteful renovation of the property including a generous remodel of Four (4) units to include such features as hardwood floors, ceramic tile in the kitchens and bathrooms, new modern cabinetry and vanities, designer lighting fixtures, new base moldings and stainless steel appliances. The luxurious finishes inside the units are complimented by the well-manicured drought tolerant landscaping of the grounds and new stylish exterior and interior common area finishes.
This is an opportunity for an investor to acquire a near turnkey asset, but still possessing significant rental upside through unit attrition.
The property is positioned in the middle of a highly desirable rental market which is known for its artistic communities, high end retail and restaurants and many world-class entertainment venues. An endlessly entertaining region, adjacent to the Hollywood Hills and
West Hollywood, is one of LA’s top neighborhoods. Courtesy of KW Commercial.
NEW LISTING | MULTIFAMILY | 6106 PICKFORD ST.
LISTED AT $2,100,000 | LOS ANGELES | 4 UNITS | 4.07% CAP RATE
This beautiful 2007 construction 4-unit property is located at 6106 Pickford Street in Los Angeles. The building consists of four (4) two bedroom/ two and one half bathroom units all of which are townhouse style. The building is situated on a 5,999 square foot lot with approximately 5,440 square feet of building area. All units are separately metered for gas, electric, and even water!!! This is a minimal expense property and given its vintage it is not subject to rent control!!! One of the units is a larger front-facing unit which can potentially be ideal for an owner-user. Additionally, there is gated semi-subterranean parking with two spaces for each unit. This is a great opportunity to acquire a rare newer/non rent-controlled building in a wonderful part of Los Angeles for any investor looking into buying, collecting, or investing in an income property or for an owner-user. Courtesy of BRC Advisors.
NEW LISTING | MULTIFAMILY | 738 SOUTH OGDEN DR.
LISTED AT $10,280,000 | LOS ANGELES | 12 UNITS | 4.35% CAP RATE
738 South Ogden is a 12 unit apartment/condominium development that is scheduled for receiving its certificate of occupancy by the first week of March 2016. The units are all two bedrooms with two bathrooms and a den. The property is three stories over a level of on-grade parking and is serviced by two staircases and an elevator and one internal hallway per floor. There are four units per floor so all units are situated on a corner and units average approximately 1,209 square feet. All units are currently vacant. All of the contents of the financial analysis are estimated based on projected rents, operations and expenses. Actual rents, operations and expenses will be different and the financial analysis is hypothetical and for analysis purposes only.
The property is situated in an extremely desirable location with a walk score of 86 which is considered “Very Walkable”. It is within a one block walk to Wilshire Boulevard and two blocks from Fairfax Avenue. In addition, three world famous museums (Los Angeles County Museum of Art, La Brea Tar Pits, Peterson Automotive Museum) are one block away as well as a stop for the purple line subway extension that is under construction. Courtesy of Berkadia.
NEW LISTING | RETAIL | 8010 MELROSE AVE.
LISTED AT $5,950,000 | LOS ANGELES | SF: 5,604
Market CAP: 6.02%
14 Rear Parking Spaces
100% leased to an eclectic group of retail, food use, and service tenants
Easy to manage 5 Tenant retail property
Upside in converting MG leases to NNN leases and raising rents to Market Value
Future Development Potential. Courtesy of Commercial Asset Group.
NEW LISTING | MULTIFAMILY | 711 MARINE ST.
PRICED AT $1,899,000 | SANTA MONICA | 3 UNITS
Rare opportunity to own a triplex in the coveted coastal Ocean Park neighborhood in Santa Monica. The property is a well maintained triplex with curb appeal that beams majestic brilliance. This triplex is located in the center of one of Southern California’s most dynamic rental markets and offers an opportunity for significant rental upside potential. Perfectly positioned for an owner/user or investor. The property features an excellent unit mix of Two (2) Bedrooms and Two (1) Bathrooms. Along with a (3) Bedroom (1) Bathroom unit. The exterior and interior is aesthetically pleasing and boasts of idyllic neighborhood charm ideal for today’ s savvy owner and renters. All apartment homes feature well designed floor plans and 3 parking spaces.
Feel the ocean breeze as charming beauty abounds in this calm oasis in the middle of Santa Monica. Ocean Park Residents can enjoy a neighborhood filled with character and a variety of neighborhood offerings such as recreational activities on the waterfront as well an array of local unique shops and vintage boutiques. Ocean Park also has a multitude of dining, live entertainment venues, outdoor activity facilities and the farmer’s market, to name a few. The location is a walker’ s paradise with the ocean and a premier Venice Whole Foods just a few blocks away. This serene neighborhood of Ocean Park encapsulates natural beauty with a small town beach vibe. You can also venture out and take part in all the community of Santa Monica has to offer has to offer. Courtesy of KW Commercial.
NEW LISTING | RETAIL | 4501 WEST SLAUSON AVE
PRICED AT $7,995,000 | LOS ANGELES | SF: 16,457
Long-term net leased CVS/pharmacy
Rare 10% rental increases
Favorable net lease structure
Tenant is responsible for CAM, Taxes, Insurance and maintaining and replacing the roof membrane
Irreplaceable hard-corner, signalized intersection location with strong traffic counts of 55,000+ cars per day
Dense, affluent, infill location with an Average Household Income of $92,000+ within a 1-mile radius and a Population of 970,000+ within a 5-mile radius
The subject property is the only freestanding CVS/pharmacy location within a 2-mile radius
Outstanding central Los Angeles location within minutes of the 10, 105, 110 and 405 Freeways
Excellent accessibility, identity and visibility including a prominent electronic billboard sign facing the intersection of Slauson and Overhill
Excellent parking ratio with 4 parking spaces per 1,000 square feet (65 parking spaces total)
Located 5 miles from Los Angeles International Airport, the nation’ s 2nd busiest airport with over 70 million passengers annually
CVS Health is the second largest pharmacy health care provider in the nation
CVS Health manages 1.7 billion prescriptions each year and has a 21% market share in the retail pharmacy sector. Courtesy of Hanley Investment Group.
NEW LEASE LISTING | OFFICE | 11150 SANTA MONICA BLVD.
LISTED AT $4- $4.25/SF/MONTH | WESTWOOD | SF: 227,394
A monument to fine taste. Its classic architecture and richly landscaped grounds make Westwood Gateway a notable landmark on the Westside. Conveniently located on Santa Monica Boulevard at the 405 Freeway, this highly visible travertine-clad property is just minutes from Los Angeles International Airport and L.A.’s finest neighborhoods. Courtesy of the Irvine Company.
NEW LEASE LISTING | RETAIL | 7318 MELROSE AVE.
LISTED AT $3/SF/MONTH | LOS ANGELES | SF: 1,150
Excellent Signage and Visibility
High Ceilings and Large Glass Storefront
Mid Block between Poinsettia and Fuller in the Heart of the Melrose District
+/- 30,000 CPD. 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.