1651-1657 N La Brea Ave 5,603 SF 100% Leased Retail Building Los Angeles, CA 90028 $9,270,096 CAD ($1,654.49 CAD/SF) 5.30% Cap Rate

Presenting a Generational Opportunity Located in the Heart of Hollywood at the signalized SW corner of Hollywood & La Brea. First time on the market in over 39 years. This property offers an investor a rare and unique opportunity to acquire a trophy property within walking distance to many of Hollywood's top attractions including the Hollywood Walk of Fame, The TCL Chinese Theatre and the Dolby Theatre. There are over numerous current and near term development projects within 3 miles of the property. The property has recently undergone several improvements including a fresh new Santa Barbara inspired paint scheme, re-sealing of the roof and re-striping of the parking lot.
Traffic counts are in excess of 37,000 cars per day.
There is a high volume of foot traffic in the vicinity due to the popular tourist destinations and numerous shops, restaurants, and cafes in the area.
The neighborhood is easily accessible by public transportation, including bus routes and the Hollywood/Highland Metro station, making it convenient for visitors and residents alike.
The presence of well-known landmarks and a mix of commercial and residential spaces in the vicinity contribute to a dynamic and diverse atmosphere, attracting a range of visitors and customers to the area.