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109-111 N Fairfax Ave 3,000 SF 100% Leased Retail Building Los Angeles, CA 90036 $4,907,875 CAD ($1,635.96 CAD/SF)
INVESTMENT HIGHLIGHTS
- Exceptional location, situated between 3rd St + Beverly Blvd
- Adjacent to CBS TV City, Original Farmers Market + the Grove
- 2-unit property leased to popular, established restaurant tenants
EXECUTIVE SUMMARY
This highly sought-after 2-unit commercial property is home to the well-known Chao Krung Thai Restaurant and the other space is currently vacant. Superbly located, the property is positioned between Beverly Boulevard and 3rd Street, situated directly across from CBS Television City, soon to undergo a transformative $1 billion+ redevelopment. The property further benefits from its prime location just north of and across the street from The Original Farmers Market and The Grove, two of Los Angeles’ most popular retail and dining destinations.
Onsite parking: 6 shared spaces.
Additional enclosed storage area behind the building – Leased To 111 N. Fairfax Ave.
Soaring traffic counts: Fairfax Ave + Beverly Blvd - 38,888 CPD.
Buyer has been informed that Seller may engage in a tax-deferred exchange pursuant to Section 1031 of the Internal Revenue Code. Buyer agrees to reasonably cooperate with Seller to complete the exchange. This exchange will cause no additional expense or liability to Buyer.
Price + financial prospectus available upon request.
Onsite parking: 6 shared spaces.
Additional enclosed storage area behind the building – Leased To 111 N. Fairfax Ave.
Soaring traffic counts: Fairfax Ave + Beverly Blvd - 38,888 CPD.
Buyer has been informed that Seller may engage in a tax-deferred exchange pursuant to Section 1031 of the Internal Revenue Code. Buyer agrees to reasonably cooperate with Seller to complete the exchange. This exchange will cause no additional expense or liability to Buyer.
Price + financial prospectus available upon request.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
3,000 SF
Building Class
C
Year Built
1948
Price
$4,907,875 CAD
Price Per SF
$1,635.96 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.14 AC
Zoning
C2 - general commercial district for medium to high-intensity
Parking
6 Spaces (1 Spaces per 1,000 SF Leased)
Frontage
58’ on N Fairfax Ave
Walk Score®
Walker's Paradise (98)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5511-001-007 | Improvements Assessment | $547,765 CAD |
| Land Assessment | $5,507,422 CAD | Total Assessment | $6,055,187 CAD |
PROPERTY TAXES
Parcel Number
5511-001-007
Land Assessment
$5,507,422 CAD
Improvements Assessment
$547,765 CAD
Total Assessment
$6,055,187 CAD
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109-111 N Fairfax Ave
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