We scoured Los Angeles to find you this week’s best commercial listings.
Unique opportunity to occupy the former Short Cake space located at the WORLD FAMOUS FARMERS MARKET. Appx. 1,645 SF including mezzanine used for office/storage. Current Rent: Appx. $5,670 / mth + NNN/CAM. Lease Expiration: Dec. 2018 plus (2) 5-year options with fixed 3% annual increases. Abundance of FF&E included in the sale of the assets for first-class bakery. Landlord will execute new lease for QUALIFIED buyers. Will cooperate with QUALIFIED cooperating brokers. Courtesy of Alfred Realty Corp.
NEW LISTING | RESTAURANT | 1638 NORTH LA BREA AVE.
LISTED AT $450,000 | HOLLYWOOD | 2,000 SF
The famous Thai restaurant in the heart of Hollywood, in the last 27 years. 1,700 Sqft + aprox 300 Sqft patio. Beer wine license Type 41. 3 stories parking in the back for customer with $800 monthly. Dine in- Take Out and Delivery. This is good money machine for owner and with pride. The dining room has been remodeled in the last 8 years, very hip and modern. Location is in the heart of Hollywood closed to Famous Roosevelt Hotel, Chinese Theater, Yamashiro, Magic Castle, Hollywood-Highland Shopping tourist, Kodak Theater, Subway and Brand new high rise condominium and penthouses. Please do not approach employees. Rent is $7,500/month with 2 more years with 5 years option. Not included inventory (aprox $10,000). Owner wants to retire. Courtesy of Remax Commercial.
The subject property consists of approximately 2,730 SF Flex industrial building, situated on approximately 5,317 SF of land, zoned LACM. Property benefits include fenced and secured yard parking and excellent exposure with heavy traffic count. Own your own building vs leasing: An owner user can get secured debt of approximately 4.25% with a minimal down payment of 10%. Now is the time to take advantage of the market and protect your business from future rental market spikes. Rather than paying rent to a landlord or investing your money in an alternative investment, your rent will pay off the property mortgage and provide a more attractive after-tax return. Owner-user will save 32% vs leasing. Net equity buildup of approximately $854,653 after 10 year holding period. Courtesy of Brookfield Partners.
NEW LISTING | INDUSTRIAL | 4120- 4126 WEST JEFFERSON BLVD.
4120 – 4126 W. Jefferson Blvd. is a +/- 3,600 sq. ft. flex space on two adjacent lots totaling +/- 13,000 sq. ft. with excellent frontage on a rapidly transforming stretch of West Jefferson Blvd., just east of Culver City. The property’s second parcel located at 4120 W. Jefferson Blvd. can also be developed as a separate property. (Buyer to verify development potential). Courtesy of Oak Road Capital, LLC.
NEW LISTING | MULTIFAMILY | 1632 SOUTH BRONSON AVE.
For sale is a 4-unit apartment community located at 1632 South Bronson Avenue. Positioned just south of Venice Boulevard, the property is located in the heart of Mid-City. The offering represents a unique buying opportunity to acquire an apartment building with 50 percent of the units being delivered vacant at close of escrow. The property consists of one building totaling 3,851 square feet. The unit mix is comprised of 100% large two-bedroom units. Due to its 1947 construction, the property is subject to Los Angeles rent control statutes. The subject property allows an investor to acquire a 1940’s vintage apartment asset in a desirable location. An astute investor will be able to immediately implement a thorough renovation program and take advantage of the upside in rental income. Courtesy of Marcus & Millichap.
NEW LISTING | MULTIFAMILY | 4001 PALMYRA RD.
LISTED AT $1,800,000 | BALDWIN HILLS | 10 UNITS | 4.73% CAP RATE
The property at 4001 Palmyra Road is comprised of 8,106 SF of land with a building size of 7,396 SF. The property features a unit mix of three 2 Bedrooms/1 Bath unit and seven 1 Bedroom/1 Bath units averaging over 740 SF each. The building enjoys incredibly low expenses by being individually metered for gas and electric. There is ample parking with street parking at the front of the building, along with secure car port parking spaces located at the rear of the property. This property offers an astute investor strong immediate cash flow. With over 15% rental upside, as one can easily achieve market cash on cash returns over 7%. Courtesy of NAI Capital.
NEW LISTING | MULTIFAMILY | 2240 SOUTH BURNSIDE AVE.
LISTED AT $450,000 | MID-CITY | 2 UNITS | 5.80% CAP RATE
Quiet street… Huge opportunity with great income of $33,480… For a first time home buyer is a great property to start with… These 2 units are side by side in a one story structure which feels almost like a single family… drive by to appreciate… don’t miss on this one… won’t last… Courtesy of Shalom Guli Realty.
NEW LISTING | RESTAURANT | 14637-14639 VENTURA BLVD.
LISTED AT $3.38 / SF/ MONTH | SHERMAN OAKS | 2,326 SF
Business opportunity – Bar/Restaurant untitled space for sale! Current lease to be assigned with 8 year remaining and two 5 years options. Project has been approved for a conditional use to permit the sale and dispensing of a full line of alcoholic beverages for on-site consumption in conjunction with a proposed restaurant (L 47) along with 65 interior seats, 16 outdoor seats, including 14-seat bar eating for a total of 81 seats. Property is in compliance, demo is completed. Space is ready for design and permitting. Architectural plans are available, License 41 for Beer and Wine is in process. 4 parking spaces are adjacent and 16 more in back for valet parking service. Extra office space also available with 2 parking spaces for additional rent of $1,200/month. Commission on Business opportunity only, not on the lease. Lease will be assigned to new tenant subject to landlord’s approval. Business is not currently open, it is ready for permits and construction. Demolition is completed.
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.