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LA Commercial Listings Weekly Roundup 6.26.18

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

For Lease


NEW LISTING | RESTAURANT LEASE | 720 VINE ST. #724

720-VINE-ST

LISTED AT $33.48/ SF/ YEAR | LOS ANGELES | 1,234 SF

Confidential listing. Do not speak with employees. This opportunity is confidential and requires key money. Profitable Mexican Restaurant for sale or a great opportunity to convert this fully permitted and operational restaurant into your restaurant, cafe or food-related service. – 1,300 +- SF + Outdoor Patio. – Hollywood / Larchmont Adjacent. – Abundant Parking. – Rent: $3,442 + $658 CAM. – New ABC 41 (Beer & Wine) License. – 8-Year Term (includes 1 5-year option, Landlord may extend) – Seller will Train.


NEW LISTING | RESTAURANT LEASE | 11937-12015 WILSHIRE BLVD.

11937-12015-WILSHIRE-BLVD

LISTED AT $48/ SF/ YEAR | WEST LOS ANGELES | 2,000 SF

They’re still doing business and please discreet when you’re checking the site. Currently it’s restaurant business and this is asset sale, key money is very low. Plenty of free parking in this retail center. Address is 12007 Wilshire Blvd. Between Barrington and Bundy. Courtesy of Seven Star Realty Inc.


NEW LISTING | RESTAURANT LEASE | 3116 1/2 WEST SUNSET BLVD.

3116-WEST-SUNSET-BLVD

CONTACT FOR PRICE | SILVERLAKE | 679 SF

FrankieLucy Bakeshop offers Filipino inspired pastries and sweets as well as serving distinctive cafe drinks. FrankieLucy is in close proximities to some of Silver Lake’s favorite eateries, including Silver Lake Ramen, WOOD, Pine & Crane, and Diablo. With a modernized and bright interior, FrankieLucy Bakeshop offers a very versatile build out conducive to numerous concepts. Courtesy of District Realty Group.


 NEW LISTING | RESTAURANT LEASE | 5060 WEST PICO BLVD.

5060-WEST-PICO-BLVD

CONTACT FOR PRICE | LOS ANGELES | 4,100 SF

State of The Art Commercial Kitchen. 71′ feet of Store Front on Pico Blvd. Perfect for Commissary Set Up and corner Retail Use (Bakery, Cafe, etc). Private, Gated Parking. Full Commercial Kitchen with Like-New Appliances. Great Corner for Signage. Full equipment list available upon request. Courtesy of Botach Management.


For Sale


 NEW LISTING | OFFICE | 5535-5551 BALBOA BLVD.

5535-5551-BALBOA-BLVD

LISTED AT $11,000,000 | ENCINO | 43,103 SF

Encino Office Center is a two-story, low-rise office building with 101 surface parking spaces. The building is currently 100% occupied and boasts a strong and seasoned tenant mix. With ideal unit sizes ranging between 500 and 3,000 square feet, Encino Office Center outperforms its immediate competition and serves the local tenants in the high-end immediate sub-market. With an average suite size of 1,200 square feet, there is limited tenant improvement costs between tenants which aids in the assets overall performance. Units are easily leaseable and the small unit sizes insulate against risk.

Encino Office Center offers a stable and secure income stream with potential rental upside. A majority of the current tenants are long-term tenants that have successfully operated at this location for many years. With an average occupancy period per tenant of eight years, the center has historically experienced better-than-market occupancy levels as a result of high-end tenant improvements, excellent parking, exceptional visibility and frontage along two major San Fernando Valley thoroughfares, and easy accessibility, ingress and egress. Courtesy of Marcus & Millichap.


 NEW LISTING | OFFICE | 2456 OLIVE ST.

2565 OLIVE ST

LISTED AT $1,425,000 | HUNTINGTON PARK | 6,162 SF 

This fully leased commercial strip center has a long standing medical practice as the anchor tenant. A dollar store, a chiropractic office, a hair salon and a travel agency round out the tenant mix. The property is located at the Olive Street and Pacific Blvd. intersection and is only 1/2 mile south of Florence. There is fabulous foot traffic in the area due to the property’s proximity to commercial and residential areas. This property is also close to the 710 and 105 freeways as well as the Bicycle Hotel & Casino. Courtesy of J.D. Property Management.


 NEW LISTING | RETAIL | 136-144 LINCOLN BLVD.

132-144 LINCOLN BLVD

LISTED AT $5,500,000 | VENICE | 8,351 SF 

Excellent Owner/User or Repositioning Investment Opportunity in the heart of Venice, California. 150 Feet of Frontage on Lincoln Boulevard, which Boasts over 32,000 Vehicles per day. Located in a Dense Urban Market, as there are 491,940 people within a 5-mile radius of the Subject Properties. Courtesy of CBRE.


 NEW LISTING | RETAIL | 8460 SANTA MONICA BLVD.

8460 SANTA MONICA BLVD

LISTED AT $4,995,000 | WEST HOLLYWOOD | 4,233 SF

The property’s location at the corner of Alfred Street and Santa Monica Boulevard is located at ground zero of one of the most sought after real estate sub-markets in the country. Situated at just one block east of La Cienega, the property benefits from high traffic counts exceeding 72,800 vehicles per day at Santa Monica Boulevard/La Cienega Boulevard. Numerous world famous boutiques, retailers, restaurants, and shops are within walking distance of the subject property. The site is also surrounded by thousands of residential units and new mixed use developments. West Hollywood is also one of the highest barrier to entry markets in Southern California. Courtesy of CBRE.


 NEW LISTING | MULTIFAMILY | 520-522 WEST COLDEN AVE.

520-522 WEST COLDEN AVE

LISTED AT $789,000 | LOS ANGELES | 2 UNITS | 6.50% CAP RATE

Very desirable, income producing duplex. This duplex consists of two 4-Bedroom / 2-Bathroom units on a large lot with a 2-car garage and plenty of additional driveway parking. Each unit includes dual pane vinyl windows, granite counter tops, wood cabinets throughout, tile flooring in kitchens and baths. This property has been well-maintained by ODI professional management, and is situated within a very strong rental market with NO rent control. An impressive 6.5% cap rate makes this duplex a great investment opportunity for any investor or owner-occupier who wants to live in one unit and rent out the other. Courtesy of Titan Pacific Group.


 NEW LISTING | MULTIFAMILY | 2310 SOUTH SYCAMORE AVE.

2310 SOUTH SYCAMORE AVE

LISTED AT $2,250,000 | MID-CITY | 3 UNITS | 6.02% CAP RATE 

This is a brand new 3-Unit asset centrally located in Mid-City. The property is in the final phases of construction, and consists of a Single Family Home in front and a Duplex in the rear. The front unit is approx 2260 sq ft with 4BD/4BA, and each of the two rear units are approx 1587 sq ft with 4BD/4.5BA. All have a 2-car, side-by-side enclosed garage with direct access to the units and room for additional tandem parking in the driveway. All are also individually metered for water, gas, and electricity. Each unit includes all stainless steel appliances, central heat and A/C, laminate flooring, and tiled bathrooms. With a projected cap rate of 6.02, this a great deal for an investor or owner occupant. This is currently an off-market transaction that offers a savvy investor early access to secure an excellent property in Mid-City, Los Angeles before it hits the market!


 NEW LISTING | INDUSTRIAL | 2255 BARRY AVE.

2255 BARRY AVE

LISTED AT $3,200,000 | WEST LOS ANGELES | 3,656 SF

Excellent creative office/flex space.  Renovated in 2014 Tremendous location and within three blocks from the Expo Metro Station on Bundy Drive. Walking distance to numerous amenities. Easy access to 405 and 10 freeways. High-ceilings. APN: 4260-013-013. Zoning: LAM2-1. Year Built: 1946. Building Size: Approximately 3,656 SF. Lot Size: Approximately 6,003 SF. Parking: 12 Tandem Spaces. To be delivered vacant at the close of Escrow. Courtesy of The Passman Group Inc.


 NEW LISTING | INDUSTRIAL | 11838 JEFFERSON BLVD.

11838 JEFFERSON BLVD

LISTED AT $1,995,000 | CULVER CITY | 2,976 SF

This property is adjacent to Playa Vista and it is ideal for an Owner/User. Approximately 2,000 square feet is on the ground floor and the remainder is on the second floor. There is on-site parking for 2-3 cars. There is one ground level loading door. Courtesy of Maud Properties.


 NEW LISTING | INDUSTRIAL | 3303 WEST JEFFERSON BLVD.

3303 WEST JEFFERSON BLVD

LISTED AT $1,150,000 | LOS ANGELES | 5,500 SF

Approximately 5,500 square feet of structure consisting of 4,450 square feet of warehouse plus a newer 1,050 square foot CMU block 2 story office structure built in 1989.. Two loading doors, alley access, clean interior, front parking. 200 Amps. Signalized corner location Jefferson & 12 Ave. Located in the Culver City Sub-Market and along the Jefferson/Exposition corridor, just east of Crenshaw Blvd. Courtesy of Magnum Properties.


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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