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LA Commercial Listings Weekly Roundup 4.3.17

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

For Sale


NEW LISTING | RESTAURANT | DOWNTOWN LOS ANGELES

Off market dtla

LISTED AT NEGOTIABLE | DOWNTOWN LOS ANGELES | 2,381 SF

Photo above is a rendering. Approx: 2,045 SQFT + Patio 336 SQFT. Favorable Lease: Approx $6,500 +CAM $862 /MO. ABC: 41 (Beer & Wine)  included / 47 Allowed. Notes: Turnkey Restaurant in the Historic Core of Downtown LA. Confidential Listing // NDA required. Courtesy of Apex Estate Group.


NEW LISTING | RETAIL | 10930 WEYBURN AVE.

10930 WEYBURN AVE alt

LISTED AT $4,500,000 | WESTWOOD | 3,200 SF

Art Deco Commercial/Retail Property. Located in the Heart of Westwood Village, directly across the street from former Jerry’ s Deli. Just steps from the historic Fox Village Theatre & it’ s Iconic Tower. Minutes from UCLA. LA thrives on spectacle, but sometimes you need something more real. With its classic shops and eateries, landmark architecture, single screen movie theaters and relaxed chic vibe, Westwood Village is authentic Los Angeles. There are 2 – 1600 square foot unit. Both have second story areas that have not been built out and are not included in the 3200 s.f. Unit 1 can be vacant at the close of escrow and Unit 2 would like to stay but, their lease is up in 12 months. This property has a huge upside. Leases are way below current rates. Zoning also allows Restaurant use. Drive by only. Please do not disturb tenants. Offers must be written subject to inspection. Courtesy of REMAX Commercial.


NEW LISTING | RETAIL | 8215 MELROSE AVE.

8215 MELROSE AVE ALT

LISTED AT $3,150,000 | LOS ANGELES | 2,520 SF

The Property is leased on a NNN basis with annual increases built into the lease. The building has excellent visibility and signage. Store front windows and skylights fill the space with natural light. Neighbors include Paul Smith, Marc Jacobs, Carrera Café, Vivienne Westwood, and Helmut Lang to name a few. There is private parking for 8 cars behind building with alley access. Tenant has approximately 4 years left on his lease with a 5 year option to renew at fair market value. Please do not disturb tenant. Courtesy of CORE Commercial Real Estate.


NEW LISTING | OFFICE | 5657 WILSHIRE BLVD.

5657 WILSHIRE BLVD ALTLISTED AT $10,000,000 | MIRACLE MILE | 42,880 SF

THIS IS A 65% OWNERSHIP SALE FOR $10,000,000.  The ownership of 5657 Wilshire Boulevard is offering a unique equity opportunity to a tenant or investor partner. 5657 Wilshire is a concrete and steel building located in the heart of Miracle Mile across from the Wilshire Courtyard and adjacent to the Screen Actors Guild building. The building consists of approximately 42,880 rentable square feet (BOMA 2010 has not been established yet). This contemplates an as-is price of $359 per square foot based on the building’ s approximate square footage. The project contemplates a significant rehabilitation budget (which is negotiable between the existing ownership and tenant/investor partner) and an 11 year lease at market rents with a tenant partner.


NEW LISTING | OFFICE | 610 MAIN ST. #D102

LISTED AT $2,600,000 | VENICE | 1,644 SF

Excellent opportunity for Retail or Creative Office in a Prime Venice Beach location. Over 1640 sqft, two levels, kitchen and bathroom and 8 covered parking spaces! Courtesy of Halton Pardee + Partners.


NEW LISTING | MULTIFAMILY | 449 SOUTH LE DOUX RD.

449 SOUTH LE DOUX RD ALTLISTED AT $14,500,000 | BEVERLY GROVE | 18 UNITS | 2.70% CAP RATE

449 South Le Doux is an 18-unit, garden-style apartment community in one of the most highly desirable areas in Los Angeles, California. Built in 1962, the property is situated on 0.27± acres of land and encompasses a rentable space of 30,417± square feet. This single, three-story urban building features a stucco exterior with composition shingle roof. The property features an excellent unit mix of one-, two-, and three-bedroom units with an average unit size of 1,464± each. The bright, spacious units have been recently renovated with updated condominium quality finishes. 449 South Le Doux is well maintained and professionally landscaped with mature shade trees and colorful raised flowerbeds. The property features a swimming pool with large sundeck, controlled access entry, large lobby with fireplace, on-site laundry and 32 gated garage parking spaces. Courtesy of Berkadia.


NEW LISTING | MULTIFAMILY | 1121 SOUTH NORTON AVE.

1121 SOUTH NORTON AVE ALTLISTED AT $2,830,000 | MID-WILSHIRE | 20 UNITS | 4.04% CAP RATE

Built in 1928, this two-story property has an excellent unit mix of sixteen studio units and four one-bedroom/one-bathroom units. The property has lovely curb appeal with a well-maintained, classic brick Los Angeles facade. Well positioned in Mid-Wilshire, the subject property presents an excellent opportunity for an investor to capitalize on the good rental upside potential of this area. In addition, all of the units operate below market rent allowing a buyer to add value to their investment. Courtesy of Marcus & Millichap.


For Lease


 NEW LISTING | RESTAURANT LEASE | 1624 NORTH CAHUENGA BLVD.

1624 N CAHUENGA BLVD ALT

LISTED AT $3.48 / SF/ MONTH | LOS ANGELES | 2,900 SF 

Approx. 2,900 SF plus patio. Includes ABC Type 47 Liquor License until 2AM, 7 days a week. Fully equipped kitchen. Key money is required. Located in the heart of Hollywood across from new Dream Hotel Los Angeles. Courtesy of Alfred Realty Corp.


NEW LISTING | RESTAURANT LEASE | 2012 SAWTELLE BLVD.

2012 SAWTELLE BLVD ALT

LISTED AT $8.87 / SF/ MONTH | LOS ANGELES | 1,240 SF 

A modern Japanese style jewel in the heart of the historic Sawtelle Japantown restaurant and retail district. 2002 Sawtelle Nets is $2,033 per month and includes water. Courtesy of Cityscape.


NEW LISTING | RESTAURANT LEASE | 1542 NORTH CAHUENGA BLVD.

1542 NORTH CAHUENGA BLVD ALT

LISTED AT $5.69 / SF/ MONTH | HOLLYWOOD | 2,400 SF

Turnkey Hollywood Restaurant in prime Cahuenga Boulevard location. Brand new built out and equipment. With recessed patio. Parking is behind the restaurant, loading from the rear. Courtesy of South Park Group, Inc.


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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