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LA Commercial Listings Weekly Roundup 6.22.16

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

For Sale


NEW LISTING | MULTIFAMILY | 6546 LA MIRADA AVE.

6546 LA MIRADA AVE

LISTED AT $2,699,000 | HOLLYWOOD | UNITS: 4 | 5.86% CAP RATE

This fourplex boasts two 3bed/ 3.5 bath units and two 2 bed/2.5 bath units. Each unit is finished with sleek sophisticated modern touches, private laundry rooms, and separate meters for water, gas and electricity. There is a fifth electric and water meter for owner’s common areas which include exterior lighting and landscaping. All units include stainless steel appliances providing the buyer with a turn-key cash flow property.

Sitting on the border of Hollywood and West Hollywood, this property has easy access to shopping, restaurants and attractions that make this area so desirable. This property boasts incredible views of downtown and Hollywood hills. 6546 la mirada is sure to see healthy appreciation with the continuing development and revamping of the surrounding area. Courtesy of Keller Williams Realty.


NEW LISTING | MULTIFAMILY | 6026 BARTON AVE.

6026 BARTON AVE

LISTED AT $1,475,000 | HOLLYWOOD |UNITS: 4 | 3.10% CAP RATE

This listing includes 4 units at 6026 Barton Ave, Hollywood. The unit mix consists of a duplex with (2) 2+1 units, (1) 2+1 detached house, and an additional 1+1 bungalow at the rear of the property. Additionally the building offers approximately 5 parking spaces. Courtesy of Prosser Stevens Real Estate Investments.


NEW LISTING | MULTIFAMILY | 5475 HOMESIDE AVE.

5475 HOMESIDE AVE ALT

LISTED AT $1,850,000 | LOS ANGELES | UNITS: 10 | 4.38% CAP RATE

This ten (10) unit multifamily investment offering is located in the City of Los Angeles and subject to rent stabilization ordinance. The subject property was constructed of wood frame and stucco in 1959, and consists of approximately 6,231 rentable square feet on a 9,600 square foot lot . The unit mix consists of two (2) singles, five (5) 1+1, & three (3) 2+1 units. Upgrades to the investment include updated aluminum windows throughout, copper plumbing, a new roof with new rain gutters installed (2015), new exterior paint & stucco patch (2016), re-patched and resurfaced parking area with new asphalt (2016), on-site laundry room installed for additional income (2016), new security cameras with a DVR System installed (2015), and new landscaping (2016). The building amenities include six (6) carport parking spaces, two (2) garage parking/storage spaces with additional on-site parking, on-site laundry, on-site surveillance, and the building is separately metered for gas and electricity.

The subject property is located just north of Jefferson Blvd, between Hauser Blvd. and Cochran Avenue. It is in close proximity to the Crenshaw Mall, Kaiser Permanente Medical Center, and the future Kaiser Permanente Out-Patient Facility. It is also in walking distance to the La Cienega/Jefferson Metro Blue Line Station. Courtesy of BRC Advisors.


NEW LISTING | MULTIFAMILY | 1728 SOUTH ROBERTSON BLVD.

1728 S ROBERTSON AVE ALTLISTED AT $3,295,000 | WEST LOS ANGELES | UNITS: 8 | 5.30% CAP RATE

Incredibly high cap rate [5.30%] in West Los Angeles!!!  New construction [excluding framing & foundation] trophy 8 unit!!! The developer has a fanatical eye for detail from 35+ years experience designing apts, and has spared no expense. The entire property has just been extensively remodeled with a cutting edge modern aesthetic, desert landscaping, and stunning led lighting. Well over 700k was spent on the remodel.

***tenants pay for all utilities including water, trash, electric, and gas! All units have individual meters***

All 9 units have the following: new central air and heat with smart thermostats, new copper piping, new electric wiring and panels, new windows, individual tankless hot water heaters, new hardwood floors, new cabinets, quartz counter-tops, mosaic tile back-splash, new energy efficient stainless steel appliances, new stack washer dryers, exceptionally large custom closets, glamorously designed tiled bathrooms, phone buzzer controlled entry with motorized driveway gate, 7 parking spaces, bolted foundation.


NEW LISTING | RESTAURANT| 50 NORTH LA CIENEGA BLVD. #103

50 NORTH LA CIENEGA BLVD ALTLISTED AT $750,000 | BEVERLY HILLS | 7,500 SF

This well established and highly renown busy restaurant is for sale. The sales included F & E which were newly installed in 2014 at a cost of more than $1mm. Newport Seafood Restaurant expanded to this successful Beverly Hills location in 2014, but Master Chef/Owner has decided to reduce business operation and retire. This sale is primarily for F & E, leasehold, alcohol license, and the excellent location of the restaurant. The sale DOES NOT include: Fictitious business name, Trade names or Trademarks, Logos, Copyrights or Patents, Signs or Advertising Materials, Goodwill, and Personal Property. This is an excellent opportunity for current restaurant owner to expand current restaurant operation to this new location with little or no tenant improvement necessary.


 NEW LISTING | RETAIL | 1665 SOUTH ROBERTSON BLVD.

1665 S ROBERTSON AVE

LISTED AT $4,985,000 | BEVERLYWOOD | 4,722 SF 

Irreplaceable Los Angeles (Beverlywood) Location: Located at the signalized hard corner of Robertson Boulevard and Airdrome Street with over 57,000 vehicles per day at the intersection

7-Eleven:
-40-year operating history at the site
-New 10-year lease extension in addition to existing lease term, speaking to the strength and performance of this location

Coin Operated Laundromat:
-40-year operating history at the site
-Tenant is investing over half a million dollars remodeling the store and upgrading their equipment, speaking to the strength of the location
-Recent long-term lease extension

Billboard Income: Current Billboard tenant is operating under a month-to-month lease paying below market rent of $150 a month, providing an investor with upside through re-leasing the billboard (two billboards)

Large Monument Signage: Monument signage visible along both Robertson Boulevard and Airdrome Street for both 7-Eleven and the Laundromat

Recent Capital Improvements: Property recently received several capital improvements including re-painting of building and re-slurrying of the parking lot, reducing the new ownership management obligations at this small strip center moving forward

Dense Affluent Demographics: The one-mile trade area consists of over 43,000 residences with an average household income of $98,000. Courtesy of Hanley Investment Group.


NEW LISTING | RETAIL | 7213 MELROSE AVE.

7213 MELROSE AVE ALT

LISTED AT $2,350,000 | LOS ANGELES | 2,272 SF

Former Sprint Store. Melrose between Formosa and Alta Vista (just west of La Brea). Courtesy of Golden Shield Mortgage.


NEW LISTING | RETAIL | 1163 ROBERTSON BLVD.

1163 ROBERTSON BLVD

LISTED AT $2,750,000 | BEVERLY HILLS | 4,700 SF 

Perfect retail/flex building along prime Robertson Blvd. Fantastic signage and street visibility. Charming building with high ceilings. Bow truss ceilings and exposed brick throughout. Lots of skylights and natural light. Fresh coat of elastomeric finish over entire roof for cooling and leak prevention. New glass garage door. One block from Beverly Hills. Building located within walking distance of a broad array of amenities on Robertson and Pico. Public parking directly behind building. 4.6% is a projected cap rate based on 2.25 $ per sq foot monthly rent.

Located near shops and successful retail business. One block from Beverly Hills. Courtesy of Mir Investments.


NEW LISTING | INDUSTRIAL | 1328 NORTH HIGHLAND AVE.

1328 n highland ave alt

LISTED AT $2,812,600 | HOLLYWOOD | 2,870 SF 

Prime hollywood location on Highland Ave. Close proximity to Dolby Theater, Hollywood & Highland, 101 freeway and many new development projects. Free gated parking, great for variety of uses. Two (2) story, excellent main st. visibility.


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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