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601-609 N La Brea Ave
Los Angeles, CA 90036
Retail Property For Sale


Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,300 SF
Building Class
C
Year Built
1947
Price
$9,188,934 CAD
Price Per SF
$813.18 CAD
Percent Leased
46%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.88
Lot Size
0.29 AC
Zoning
C4 - Commercial C2 Uses with Limitation, R4 Uses
Parking
13 Spaces (1.15 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 5525-016-006 | Improvements Assessment | $184,364 CAD |
| Land Assessment | $387,059 CAD | Total Assessment | $571,423 CAD |
Property Taxes
Parcel Number
5525-016-006
Land Assessment
$387,059 CAD
Improvements Assessment
$184,364 CAD
Total Assessment
$571,423 CAD
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