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LA Commercial Listings Weekly Roundup 9.12.16

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

For Sale


NEW LISTING | RESTAURANT | 8151 MELROSE AVE.

8151 melrose ave alt

LISTED AT $3,000,000 | LOS ANGELES | 6,000 SF

Land and building are not for sale; the business is not for sale. The leasehold interest in the restaurant building is being offered for sale. This is a fully fixturized 6000 sf restaurant. Upscale decor. Sellers spent $6MM in tenant improvements and FF&E. Restaurant is approximately 8 years old. 220 seats, valet parking. Award winning restaurant design with retractible roof. Land and building are not for sale; this is a leasehold interest sale. This is not a Biz Op sale; the name and current business are not included in the sale. Courtesy of California Commercial Brokers, Inc.


NEW LISTING | RESTAURANT | 7563 BEVERLY BLVD.

7563 BEVERLY BLVD ALT

LISTED AT $295,000 | LOS ANGELES | 1,200 SF

Turn Key Restaurant Opportunity on Beverly Blvd. Sale includes ABC Type 47 Liquor License from 11AM-10PM, daily. Approx. 1,200 SF + patio. Accommodates up to 40 guests per CUP including outdoor dining. Lease term expires February 2024. Prime Beverly Blvd location. Courtesy of Alfred Realty Corp.


NEW LISTING | RETAIL | 19744-19764 SHERMAN WAY

19744-19764 SHERMAN WAY ALT

LISTED AT $4,465,000 | WINNETKA | 12,776 SF

The Sherman Way Station is a 100% NNN leased strip center on heavily trafficked Sherman Way. The Property has 10 units with seasoned tenants. The current average rents are under market at $1.66/sf which allows the next owner to realize significant upside to this already stabilized property. The shopping center has been meticulously maintained with numerous upgrades and improvements such as new HVAC, roof, plumbing, paint, etc. There is also an additional parking lot behind the building that is included in the sale. Courtesy of CORE Commercial Real Estate.


NEW LISTING | LAND | 9430 WILSHIRE BLVD.

9430 WILSHIRE BLVD ALTLISTED AT $46,000,000 | BEVERLY HILLS | 16,458 SF

Bankruptcy sale. 9430 Wilshire Boulevard is an amazing development opportunity located in Beverly Hills, CA in the heart of one of the most highly sought after commercial real estate markets in the world. These types of opportunities are seldom available and the prospect of development would be very enticing to many developers and Investors.

The subject property is located on a 16,457 square foot lot zoned BHC3 with over 100 feet of frontage on Wilshire Boulevard. The BHC3 zoning, by right, allows for commercial and residential uses up to but not exceeding three stories. In recent years, there have been conversations for the potential of a twelve story five-star hotel, designed by Frank Gehry or another Pritzker Prize winning architect. Courtesy of KW Commercial.


NEW LISTING | OFFICE | 5830 RODEO RD.

5830 RODEO RD ALTLISTED AT $14,995,000 | BALDWIN HILLS | 36,992 SF

Excellent value add creative office conversion opportunity in the Culver City submarket. 5830 Rodeo Road is a 36,992 sf, two-story building that has been utilized since 1991 by the present owner as an antique showroom and warehouse. Constructed in 1970 the building features two floors which are serviced by an oversized elevator. Clear floor heights measure approx 14′. Surrounded by four tall walls, the property’ s existing physical attributes (concrete floors, high ceilings, open floor plan) make for a natural creative office compound. Courtesy of First Property Realty Corporation.


NEW LISTING | INDUSTRIAL | 5729-5737 VENICE BLVD.

5729-5737 VENICE BLVD ALTLISTED AT $1,800,000 | MID-CITY | 4,200 SF

5729, 5733 & 5737 Venice Blvd offers a unique opportunity for a variety of potential development uses in the highly sought after West Los Angeles market. With urban infill land opportunities hard to find and improving market fundamentals, this site has many advantages including prime Westside location, LAC2 zoning, and over 102′ of frontage on Venice Blvd.


 NEW LISTING | MULTIFAMILY | 10603-10609 PALMS BLVD.

10603-10609 PALMS BLVD ALT

LISTED AT $2,395,000 | PALMS | 5 UNITS | 4.11% CAP RATE

Incredibly High Cap Rate [4.11 %] In West Los Angeles!!! Excellent Owner User Opportunity With Separate House On The Property. The Developer Has A Fanatical Eye For Detail From 35+ Years Experience Designing Apts, And Has Spared No Expense. Most Of The Property Has Just Been Extensively Remodeled With A Cutting Edge Modern Aesthetic, Desert Landscaping, And Stunning Led Lighting. The Property Consists Of A 3 Bedroom 1 Bath House (Plus A Bonus Non-conforming Bedroom And Bathroom), And A Separate Structure Of 4 Units Which Are All 2 Bedroom 1.5 Bathrooms.

Units Have The Following: Air Conditioning, Individual Hot Water Heaters, New Windows, New Cabinets, Quartz Counter-tops, Mosaic Back-splash, New Hardwood Floors, Stack Washer Dryers, New Energy Efficient Stainless Steel Appliances, Private Patios, Glamorously Designed Tiled Bathrooms, Exceptionally Large Closets, 10 Parking Spaces

Potential Development Opportunity!!!

The Neighboring Lot Can Be Delivered As Well For Aprox An Additional 1.300mm. This Would Bring The Total Lot Size Available To Build On To 13,100 Sf. There Is Potential To Build Aproxmatly 22 Units. A Similar Sized Lot At 10810 Palms Blvd Los Angeles Ca 90034 Built 25 Units And Sold For Almost 11 Million In July 2014.


NEW LISTING | MULTIFAMILY | 1276 WEST 22ND ST.

LISTED AT $1,190,000 | LOS ANGELES | 4 UNITS | 5.41% CAP RATE

1276 W. 22nd Street is just a short distance from the internationally renowned University of Southern California (USC). Located in the Los Angeles Historic Preservation Overlay Zone (HPOZ), this two-story building was constructed of wood frame and stucco on a raised foundation built in 1905 with a square footage of 3,700 on a 5,860-square foot lot. Meticulously landscaped and recently renovated, the subject property represents a very desirable asset in the supply-constrained USC market. The subject property has been reinforced and upgraded in compliance with the latest city codes and regulations. Originally built in 19205, the property underwent a recent renovation program just years ago, transforming into a high-end student living facility; its upgraded units feature granite countertops, custom cabinetry and new hardwood flooring. Furthermore, the property has a remarkable unit mix, comprised of four (4) two bedroom + two-bathroom units. Courtesy of Marcus & Millichap.


NEW LISTING | OFFICE LEASE | 947 SOUTH ST. ANDREWS PL.

947 SOUTH ST ANDRES PL ALT

LISTED AT $1,850,000 | KOREATOWN | 6 UNITS | 4.75% CAP RATE

This six unit apartment complex is located at 947 South St. Andrews Place. The property has been thoroughly upgraded over the last 12 months with substantial interior and exterior renovation. The property is located between Wilshire Boulevard and Olympic Boulevard, just west of Western Avenue in one of the most sought after pockets of Koreatown.

The subject property is constructed of wood frame/stucco and is situated on a 6,004 square foot parcel. The property features large floor plans consisting of one single unit, four two-bedroom/two-bath units and one three-bedroom unit. The property features an on-site laundry facility, on-site parking and is individually metered for electric and gas. Due to its 1963 construction, the property is subject to Los Angeles rent control statutes. Courtesy of Marcus & Millichap.


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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