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LA Commercial Listings Weekly Roundup 6.6.16

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

For Sale


NEW LISTING | MULTIFAMILY | 969 LARRABEE ST.

969 LARRABEE ST ALT

LISTED AT $5,950,000 | WEST HOLLYWOOD | UNITS: 16 | 2.78% CAP RATE

This is an extremely rare opportunity to acquire a sixteen (16) unit apartment complex in the city of West Hollywood. The property consists of fourteen (14) 1+1 units, two (2) Studio units and situated in a prime location, just half a block walk to the famous Sunset Strip! Some of the units have balconies and a few have been renovated with hardwood floors. In addition, the property has gated parking; on-site laundry and a pool. GREAT UPSIDE in rents! Courtesy of Re/Max Commercial.


NEW LISTING | MULTIFAMILY | 529 GLENROCK AVE.

529 GLENROCK AVE ALT

LISTED AT $4,250,000 | WESTWOOD | UNITS: 8 | 3.37% CAP RATE

8 unit Apartment building 2 blocks from UCLA in the heart of Westwood neighborhood. Great unit mix with three spacious 3BD units, one 2BD unit, three 1BD unit and two singles. Large backyard for tenants, On-site laundry, and on-site parking. Building historically has had very low vacancy and most units are separately metered for gas and electric. Zoned R4! Courtesy of Coldwell Banker Commercial.


NEW LISTING | MULTIFAMILY| 429 SOUTH DOHENY DR.

429 S DOHENY DR ALT

LISTED AT $3,250,000 | BEVERLY HILLS | UNITS: 2 | 3.17% CAP RATE

Rarely available is a gorgeous Spanish style duplex, centrally located in a prime Beverly Hills location. This 4000+ sq/ft property is comprised of two units, an upper (#429) and a lower (#431). Both of the 3 bedroom, 3 bathroom units feature hardwood floors, high ceilings, recessed lighting, gourmet Kosher kitchens with stainless steel appliances (2 ovens and 2 dishwashers), newly remodeled bathrooms, gas fireplaces, central air & heat, dual pane upgraded European style windows, in unit washer & dryer hookups, outdoor spaces exclusive to each unit, and parking for 4 cars in a detached garage with alley access. Both units are tenant occupied.


NEW LISTING | RETAIL | 8534 WASHINGTON BLVD.

8534 WASHINGTON BLVD ALTLISTED AT $2,200,000 | CULVER CITY | 1,896 SF

Rare CG (Commercial General) zoning allows maximum uses. Located on the primary commercial corridor, with 21,600 daily traffic count, in the McManus neighborhood adjacent to the Art District, 0.4 miles from I-10.


NEW LISTING | RETAIL | 1427 LINCOLN BLVD.

1427BLINCOLN BLVD ALTLISTED AT $3,950,000 | SANTA MONICA | 5,646 SF

Stand-Alone Owner/User Building. Potential for Redevelopment. Exceptional Santa Monica Location. Retail + Office Possible. 1427 Lincoln is 5,646 square foot building along major thoroughfare Lincoln Blvd in Santa Monica. The two story building was built in 1956 and sits on 7,501 square feet of land (.17 acres). The building is in within walking distance to Santa Monica’ s amenities along Lincoln Blvd, as well as the concentration of shops and restaurants in Downtown Santa Monica. 1427 Lincoln offers several use opportunities, including user/owner, office and retail use, and site redevelopment. Courtesy of Industry Partners, Inc.


NEW LISTING | OFFICE | 654 NORTH MANHATTAN PL.

654 N MANHATTAN PL ALTLISTED AT $1,500,000 | LOS ANGELES | 1,352 SF

Very RARE Medical/Dental building on large lot for sale. Currently used as a Medical Marijuana Dispensary with an excellent cash flow of $8,000 per month. Possible owner/user.


NEW LISTING | RESTAURANT| 1241 NORTH VINE ST.

1241 N VINE ST ALTLISTED AT $225,000 | HOLLYWOOD | 69,872 SF

Located on the ever most popular Vine St, The Vine Street Deli is a Mediterranean Restaurant with ample street parking. From Hummus to Paninis, Pita Wraps to Kabobs, you are sure to find something on the menu that interests you. With over 15 years left on the lease, and so much potential to grow, become an entrepreneur and start your journey here, in the heart of Hollywood.


NEW LISTING | INDUSTRIAL| 3416 WESLEY ST.

3416 WESLEY ST ALTLISTED AT $9,200,000 | CULVER CITY | 22,500 SF

Owner User Potential. Surrounded by Mixed Use Aparments, Creative Of ce – Bow Truss Construction with operable windows. 16 Parking Spaces. Walking distance to the Helms Complex, and restaurants.


For Lease


 NEW LISTING | RESTAURANT | 1270 CULVER BLVD. #B

12740 culver blvd alt

LISTED AT $3.30 / SF/ MONTH | LOS ANGELES | 1,260 SF 

For lease, the restaurant formerly known as Del Rey Kitchen. Personal reasons force lease of 3-year old, 4-1/2 Star Yelp-rated full-service restaurant serving Cal-Asian Fusion cuisine with Beer, Wine, Sake, and Soju cocktails. Price included all FF&E and Inventory. Training, Branding, and Recipes may be arranged for a separate fee. This is a turn-key restaurant. Can easily be converted into a Gastropub, Pizzeria, etc. Close to Silicon Beach, Playa Vista, Google, YouTube, etc. Delivery and Take-out are great too! Best and lowest price for the location! Must be an experienced operator with good financials. No Japanese or Diner concepts please. Available now. 1260 sq ft. Monthly Rent + CAM: $4200. 40 seats inside, 6 outside. 2 ADA bathrooms. Type 41 (Beer & Wine) license. Can serve Sake and Soju too! 4 years left on CUP. 12′ Hood. Brand New Micromatic Kegerator. Most equipment only a couple years old. Parking Lot. GREAT neighbors! GREAT neighborhood!


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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