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LA Commercial Listings Weekly Roundup 3.14.16

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

For Sale


 NEW LISTING | MULTIFAMILY | 2000 ARLINGTON AVE.

2000 ARLINGTON AVE ALT

LISTED AT $12,000,000 | KOREATOWN | UNITS: 59 

Most units are remodeled. Huge upside potential. Gated entry with intercom system.  24 hour security camera monitoring system. High laundry and storage income. High market rents. Possibility for seller financing. Courtesy of DC Commercial.


NEW LISTING | MULTIFAMILY | 1213 SOUTH ORANGE GROVE AVE.

1213 SOUTH ORANGE GROVE AVE

LISTED AT $2,000,000| MID-CITY | UNITS: 6 | 3.08% CAP RATE

This six-unit multifamily property is located in the historic mid-city neighborhood of Wilshire Vista adjacent to Beverly Hills and the famed Miracle Mile. This pride of ownership neighborhood consists of a rich collection of historic single family homes, duplexes and small apartment buildings on residential tree-lined streets.

Built in 1950, the property consists of four 1-bedroom/1-bath units and two 2-bedroom/1-bath units. Most units feature hardwood flooring and crown moldings as well as off-street parking for each unit. Each unit is separately metered for gas and electric. With low current rents, the property provides an opportunity for an operator to increase market rents through a more aggressive management style. Two of six units will be delivered vacant as of the close of escrow.

Situated near the Fairfax/San Vicente/Olympic intersection, it is centrally located between Downtown Los Angeles and Santa Monica Beach, and equidistant between UCLA and USC. Long considered and ranked as one of the most desirable neighborhoods to live in, the area boasts a Walk Score of 84 just steps to a major supermarket, pharmacy, trendy restaurants, cafes, and one of a kind shops. It is a short walk to Wilshire Boulevard’ s Museum Row LACMA, the Petersen Automotive Museum, and the La Brea Tar Pits in Hancock Park.

The property is conveniently located near the I-10 freeway, the new Metro Expo Line, the proposed Purple Line, as well as other public transportation. This is an excellent opportunity for a location minded investor seeking a building in a prime area with upside rental income. Courtesy of Marcus & Millichap.


NEW LISTING | MIXED USE | 4017 WEST RIVERSIDE DR.

4017 WEST RIVERSIDE DRLISTED AT $4,699,000 | BURBANK | 7,221 SF

The Subject property is a two story mixed use building on the bard corner of Riverside Dr and Pass in the heart of Burbank’s Media district. The subject property consists of a full service restaurant on the ground floor (as well another small vacant retail store) and creative office on the second floor. The subject property is on main and main for the daytime traffic in the Burbank Media district.

Located in the heart of the Burbank Media District, the subject property s on the Burbank/Toluca Lake Border and surrounded by over 3 million square feet of office within a half mile radius, Multi-Million Dollar Toluca Lake and Burbank homes as well as dense Multi-Family. Courtesy of Commercial Asset Group.


NEW LISTING | RESTAURANT | 1400 SOUTH WESTERN AVE.

1400 south western aveLISTED AT $199,500 | KOREATOWN | 2,000 SF

Bar with Full Bar. 47 liquor license. Live Entertainment Permit. Dance Hall Permit. Pool Table. Kitchen.


NEW LISTING | MULTIFAMILY | 6383 YUCCA ST.

6383 Yucca St alt

LISTED AT $4,500,000 | HOLLYWOOD | UNITS: 22 

Located in Hollywood immediately south of the 101 Freeway exit, this property consists of 20, four-bed units and two, two-bed units totaling 22 units and 84 beds. Each unit features a bathroom and is equipped with a refrigerator, but there are no in-unit kitchen facilities. The dormitory property has a common kitchen area outfitted with three stove/oven units, three microwaves, and a dishwasher. In addition, there is a common dining and lounge area with three computers for resident use. There is a common laundry room on each building level featuring coin-operated washers and dryers. Courtesy of Avison Young.


For Lease


 NEW LISTING | RESTARANT | 2625 ROBERTSON BLVD.

2625 ROBERTSON BLVD ALT

LISTED AT $2.17 / SF/ MONTH | LOS ANGELES | 1,200 SF 

25 feet of window-line along Robertson Blvd. Great visibility. Heavy traffic counts on Robertson Blvd. Neighbors include Campos, Taco Bell and Hamilton High School. Ample street parking available. Courtesy of Par Commercial Brokerage.


NEW LISTING | OFFICE LEASE | 11111 WEST OLYMPIC BLVD.

11111 WEST OLYMPIC BLVD ALT

PRICE: NEGOTIABLE | WEST LOS ANGELES | 39,087 SF 

11 spaces available. Two adjacent office buildings open to creative office, retail, and medical use. Northwest corner of Olympic Blvd and Sepulveda Blvd.


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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