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345 N La Brea Ave 12,335 SF 100% Leased Retail Building Los Angeles, CA 90036 $9,073,480 CAD ($735.59 CAD/SF)
INVESTMENT HIGHLIGHTS
- Heavy traffic count
- Just blocks from the High End Hancock Park District
- Parking behind and under the building
- Frontage to La Brea Ave
- Elevator
- Value add available with rooftop and 40% vacancy
EXECUTIVE SUMMARY
Seller offers this exceptional property with no 1031 conditions. Seller may consider a seller carryback with a first trust deed only. Buyer must present financials and have a good commercial real estate investment portfolio. Seller can offer 5, 7, or 10 year interest only note at competitive rates depending on down payment criteria. This building has 14 subteranian parking spots, access from back entry, "sub-teranian parking, ground, 2 nd floor, and rooftop income" serviced by elevator. Building has 60% occupany ratio per our rent roll with addtional rooftop income from Major streaming carrier. Current "modified gross" lease income over $460,000 with a 40% occupany upside. This property is LAC2 with many zoning development opportunities available that meet ZIMAS and code standards. SubTeranian Garage is sprinklered. A lot of upside. *GLA Subject to verification.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$649,103
|
$52.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$649,103
|
$52.62
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $649,103 |
| Annual Per SF | $52.62 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $649,103 |
| Annual Per SF | $52.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
12,335 SF
Building Class
B
Year Built
1986
Price
$9,073,480 CAD
Price Per SF
$735.59 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
1.49
Lot Size
0.19 AC
Zoning
LAC2 - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Use
Parking
14 Spaces (1.13 Spaces per 1,000 SF Leased)
Frontage
105’ on La Brea Ave
AMENITIES
- 24 Hour Access
- Courtyard
- Food Court
- Restaurant
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1191
- 205 SF
- Office/Retail
- -
- 30 Days
- 204
- 1,082 SF
- Office/Retail
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1191 | 205 SF | Office/Retail | - | 30 Days |
| 204 | 1,082 SF | Office/Retail | - | 30 Days |
1191
| Size |
| 205 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
204
| Size |
| 1,082 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5525-033-030 | Improvements Assessment | $4,414,427 CAD (2025) |
| Land Assessment | $1,835,498 CAD (2025) | Total Assessment | $6,249,925 CAD (2025) |
PROPERTY TAXES
Parcel Number
5525-033-030
Land Assessment
$1,835,498 CAD (2025)
Improvements Assessment
$4,414,427 CAD (2025)
Total Assessment
$6,249,925 CAD (2025)
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345 N La Brea Ave
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