601-609 N La Brea Ave 11,300 SF 46% Leased Retail Building Los Angeles, CA 90036 $8,963,565 CAD ($793.24 CAD/SF)

We are pleased to present 601-609 N La Brea Avenue, an exceptional and rare opportunity to acquire a 13,125 sf corner land parcel with 125 feet of frontage on La Brea Avenue, with approximately 11,300 single story building, centrally located just south of Melrose Avenue. The in-place income is stabilized by a diverse tenant roster, notably including three vacant spaces, a candle store, and the internationally recognized and acclaimed Bludso's BBQ Restaurant.
This area is undergoing development with many projects such as 1000 N La Brea all benefiting from this highly trafficked North La Brea Avenue, prestigious neighborhoods of Hollywood, West Hollywood, and Hancock Park. The property offers the opportunity for both immediate income and potential future developmental upside. The property's development potential is supported by its desirable C2 zoning, which permits a multitude of uses, including retail, office, and or mixed-use residential. The site benefits from TOC Tier 3 zoning, an ED1 designation, an OC3 overlay, and status as a High Quality Transit Corridor, collectively providing significant incentives for density, height, and reduced parking for a future mixed-use residential project (Buyer shall confirm all developmental possibilities with a licensed and competent contractor, architect, and consultant).
All interested parties to contact Chris Mara (310 )927-5865. Please do not disturb current tenants.