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LA Commercial Listings Weekly Roundup 3.7.16

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

For Sale


NEW LISTING | RETAIL | 1100 S HOPE ST.

1100 S HOPE ST ALT

LISTED AT $249,000 | DOWNTOWN LA| LOT: 2,283 SF

Well-known retail and wholesale European bakery in Downtown LA just a few blocks from the Staples Center. Business was established in 2009 and is profitable with multiple income streams from retail, wholesale, and frequently from filming. The Business has a loyal customer base and a 4 star rating on Yelp with over 200 reviews. The facility was custom-built by Owner and is ideally located on the intersection between two major streets with heavy foot traffic from local businesses, residential property and a major fashion school.
The floor plan was designed with a highly space efficient indoor retail area in the front, with the addition of an al fresco outdoor patio sidewalk seating area and a commercial-sized production area in the back that easily accommodates all retail and wholesale production. All kitchen equipment was purchased new. Equipment inventory includes Hobart spinning oven, proofer, two large walk in freezers several ovens, two commercial mixers, two large displays (one warm, one cold), Italian cappuccino machine, and more.
Business is open 7 days a week.

Located in the heart of DTLA only a few blocks from the Staples Center in an area with high foot traffic surrounded by high density residential and office buildings and a major Fashion school. Bakery is located on the ground floor of a high-end luxury high rise residential building. Directly in front of the business are two 15 minute parking spots with ample metered street parking with a passenger loading zone just a few steps away. Courtesy of Premier Real Estate.


NEW LISTING | MULTIFAMILY | 462 OGDEN DR.

462 OGDEN DR

LISTED AT $2,950,000 | FAIRFAX DISTRICT | UNITS: 15 | 3.32% CAP RATE

462 Ogden Drive is aa 15-unit apartment building located on the corner of North Ogden Drive and Rosewood Avenue in Los Angeles, just two blocks east of Fairfax Avenue and south of Melrose Avenue. Built in 1928, 462 Ogden Drive represents an excellent buying opportunity given its prime location in Los Angeles within walking distance of the countless restaurants, coffee shops, boutique shopping,and nightlife located along, Melrose, Santa Monica Boulevard, and Fairfax Avenue, as well as the ability to increase rental income by approximately
38% via interior and exterior renovations.

Consisting of one two-story building situated on a 7,433 square foot parcel, the property features 15 units including a mix of nine bachelor units that are approximately 350 square feet, three studio units that are approximately 400 square feet, and three one-bedroom units that are approximately 500 square feet. 462 Ogden also features an on-site laundry room with one washer and one dryer. Courtesy of Marcus & Millichap.


NEW LISTING | MULTIFAMILY | 1006 EL CENTRO AVE.

1006 EL CENTRO AVE

LISTED AT $4,750,000 | HOLLYWOOD | UNITS: 29 | 3.49% CAP RATE

The subject property is currently being operated as a multi-family apartment building consisting of 28 studio apartments and 1 1 bedroom apartment. This is the perfect Hollywood apartment building to convert to a small hotel. Onsite swimming pool. Courtesy of Commercial Asset Group, Inc.


 

NEW LISTING | LAND | 1020 N LA BREA AVE.

1020 N LA BREA AVE

LISTED AT $6,500,000 | WEST HOLLYWOOD | SF: 12,687 

The Property is comprised of approximately 12,687 square feet of land and is zoned CR (Buyer to Verify) and is currently developed with an approximately 14,392 square foot commercial building. The existing tenant maintains approximately 5 months on its original lease term, with a 5 year option to extend. For developers, this period of time provides income while the next owner/developer pursues entitlements for its intended project.

1020 N. La Brea Avenue is a single parcel located in the City of West Hollywood and is situated two parcels off of the signalized intersection of Santa Monica & La Brea.

Additionally, this parcel is along the easternmost border of the City, in an area West Hollywood has identified for future, higher density development, including potential density bonuses. Courtesy of Alison Young.


NEW LISTING | LAND | 5842 CARLTON WAY

5842 CARLTON WAY ALTLISTED AT $3,500,000 | LOS ANGELES | SF: 8,754

5842 Carlton Ways is an 8,754 Square Feet vacant lot zoned [Q]R4-1VL with plans ready to submit for 21 units with total allowable building area of approximately 24,498 square feet on five stories with 31 parking spaces on one level subterranean and one level surface parking.


For Lease


 NEW LISTING | RETAIL | 7274-7278 BEVERLY BLVD.

7274-7278 BEVERLY BLVD ALT

LISTED AT $3.75 / SF/ MONTH | FAIRFAX DISTRICT | SF: 1,240

Multi-tenant building, one-story, Art Deco built in 1931. Co-Tenants: Fifi & Romeo, Milk and Insomnia Cafe

Close proximity to The Grove, Erewhon Natural Foods Market, Buzzfeed, LA Eyeworks, El Coyote Restaurant, Blick Art Supplies, Starbucks, Coffee Bean & Tea Leaf, Bourgeois Boheme Furnishings, BLD Restaurant, T-Mobile, Odys + Penelope, Sycamore Kitchen, Sugarfish, Bonobos. Courtesy of NAI Capital.


NEW LISTING | RETAIL | 8423-8425 WILSHIRE BLVD.

8423-8425 WILSHIRE BLVD ALT

PRICE: NEGOTIABLE | BEVERLY HILLS | SF: 12,000

High Identity Freestanding Historically Preserved Single Story building with office mezzanine. Former Beverly Hills Porsche suitable for automotive uses, retail or creative office. Dramatic Bow Truss Exposed ceilings. Approximately 36 surface parking stalls in front with up to a full floor of approximately 100 cars available in adjacent office building.

Property is visible from the La Cienega and Wilshire intersection. Walking distance to Beverly Hills Restaurant Row including Matsuhisa, Lawry’s Steakhouse Beverly Hills, Fogo de Chao and Hotel SLS. Courtesy of Lancelot Commercial.


NEW LISTING | RETAIL | 4450 BEVERLY BLVD.

4450 BEVERLY BLVD ALT

LISTED AT $6.45 / SF/ MONTH | KOREATOWN | SF: 775

This was used as a gas station in the 1940’s
It is a small building sitting on about 5,000 SF of land
A rare location on Beverly Blvd.
Great for a car lot or similar use.


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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