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LA Commercial Listings Weekly Roundup 7.12.16

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

For Sale


NEW LISTING | RETAIL | 8351 SANTA MONICA BLVD.

8351 SANTA MONICA BLVD ALT

LISTED AT $13,000,000 | WEST HOLLYWOOD | 8,790 SF

On the market for the first time, this is an extremely rare opportunity to acquire a true trophy asset located in the heart of the dynamic West Hollywood market. 8351 Santa Monica Boulevard is a three-tenant neighborhood center situated on a signalized corner along a heavily trafficked corridor with more than 45,000 cars daily. Tenants comprise an ideal mix of the most popular retailers in the area and are an ideal match for the daily necessities of the local demographic.The two primary tenants, which occupy more than 80% of the center, are on longer term leases with 9 and 14 years remaining, providing a secure investment for those looking for safety and long-term growth. The remaining restaurant tenant represents an upside opportunity with a potential buy-out and repositioning or rent increase.


NEW LISTING | RETAIL | 7269 MELROSE AVE.

7269 MELROSE AVE ALT

LISTED AT $2,800,000 | LOS ANGELES | 4,000 SF

This is the first time in nearly thirty-four years that this Property is on the market for sale. The Tenant’s lease expires June 30, 2017 with no options to renew. Currently, the Tenant is paying significantly below the market rate. This property is ideal for an owner/user or investor. The building is approximately 4,000 square feet situated on an approximate 4,400 square foot lot with a mezzanine and rooftop deck. 7269 Melrose is located within the Melrose Business Improvement District (BID). The Melrose BID proactively works to revitalize and enhance the commercial vitality of Melrose Avenue by providing improvements and activities, such as: ambassador security, and parking services; landscape, sanitation, and beautification services; marketing and promotions; new business attraction; and policy advocacy on behalf of its stakeholders. Courtesy of the Charles Dunn Company.


NEW LISTING | MULTIFAMILY | 8730-8740 HOLLOWAY DR.

8730-8740 HOLLOWAY DR ALT

LISTED AT $6,000,000 | WEST HOLLYWOOD | UNITS: 16 | 3.04% CAP RATE

These mid-century era buildings feature all 1-bedroom units and the double lot measures 12,013 sq. ft., zoned WDR4.

Located north of Santa Monica Blvd and west of La Cienaga Blvd., these properties are walking distance to world-famous hot spots. Courtesy of Concord Real Estate Services.


NEW LISTING | MULTIFAMILY | 2010 HILLCREST RD.

2010 HILLCREST RD ALTPRICE NOT DISCLOSED | HOLLYWOOD HEIGHTS | UNITS: 4 

**Property showing will be available on Thursday, July 28th from 12:00 PM to 2:00 PM local time.** Hillcrest Four is a mid-century four residence property located in the famed Hollywood Heights area of Los Angeles, on the hillside overlooking central Hollywood, practically within walking distance of such landmarks as Magic Castle, Kodak Theater, and Hollywood Bowl. Built in 1967 (two units elaborated 2008), this attractive, 2-story building features a secured, large outdoor pool and green lawn complete with an expansive sun deck and exquisite views of Los Angeles. The property is made up of four two bedroom, two bathroom apartments and there are 8 underground, gated garage parking spaces in total-2 per unit. All the units are spacious, with large living and bedroom areas. The residences are appointed with granite countertops, updated appliances, and hardwood floors.

They each offer open air balconies with stunning views of the entire city, while maintaining the serene tranquility of the Hollywood hills.Hollywood Heights is a neighborhood in the Hollywood Hills of Los Angeles, bounded by the Hollywood Bowl on the north, Highland Avenue on the east, Outpost Estates on the west, and Franklin Avenue on the south. It includes a number of notable historic homes and buildings and has been home to numerous people in the film and music industries, dating back to the silent film era. Courtesy of KW Commercial.


For Lease


 NEW LISTING | RESTAURANT | 2025 WILSHIRE BLVD.

2025 WILSHIRE BLVD ALT

NEGOTIABLE PRICE | SANTA MONICA | 2,350 SF 

Space includes approx. 249 SF of rentable patio area. Rare, fully improved endcap restaurant space on highly-trafficked Wilshire Boulevard. Convenient parking lot in the rear shared with Veggie Grill. Customer access from both Wilshire Boulevard and the rear parking lot with covered, common outdoor patio area. Underserved, highly-affluent trade area pulling from both Santa Monica and Brentwood. Courtesy of RKF.


NEW LISTING | RESTAURANT | 8054 WEST 3RD ST.

8054 W 3RD ST ALT

LISTED AT $6/ SF/ MONTH | LOS ANGELES | 3,333 SF 

Turn-key restaurant with fully equipped kitchen. Type 41 Beer & Wine License (7am – 11pm). New lease for qualified tenant. Great signage opportunity. $250,000 Key money. Courtesy of Conroy Commercial, Inc.


NEW LISTING | RESTAURANT | 9900 CULVER BLVD.

9900 CULVER BLVD ALT

NEGOTIABLE PRICE | CULVER CITY | 2,975 SF 

Opportunity to acquire recently built turn-key restaurant with BELOW MARKET LEASE in highly desired Culver City location.

HEART OF DOWNTOWN CULVER CITY. Located across street from Sony Studios and City Hall this highly desirable restaurant includes 10 onsite parking spaces and great corner visibility. Courtesy of Restaurant Real Estate Advisors.


NEW LISTING | RETAIL | 1645 WILCOX AVE.

1645 wilcox ave alt

LISTED AT $3.50/ SF/ MONTH | HOLLWOOD | 3,400 SF 

Free standing corner retail pad. Courtesy of BMR Enterprises.


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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