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West Hollywood High-Owner User opportunity! 8300-8302 W 3rd St 5,310 SF 100% Leased Retail Building Los Angeles, CA 90048 $6,833,029 CAD ($1,286.82 CAD/SF) 4.47% Cap Rate
INVESTMENT HIGHLIGHTS
- OWNER USER OPPORTUNITYI
- IRREPLACEABLE WEST 3RD STREET LOCATION
- SIGNALIZED CORNER
- AFFLUENT LOS ANGELES SUBMARKET
EXECUTIVE SUMMARY
PRICE REDUCTION!!!
Located on West 3rd Street, one of the most walkable and popular
streets in Los Angeles, 8300 W 3rd St is a retail storefront and rear
second story office on the corner of W 3rd St and Sweetzer in Beverly
Grove.
The building is 5,330 square feet sitting on 4,956 square feet of land.
Currently fully occupied, with a few shorter term tenants, this is the
perfect opportunity for an investor to acquire an irreplaceable retail
location along the most trendy shopping district and restructure it in
the near future.
Roof, plumbing, electrical have all been redone within the last 10 years.
West 3rd Street between Fairfax Avenue and La Cienega Boulevard is a
premier shopping destination known for its bevy of unique retailers and
topnotch restaurants. Bookended by the Beverly Center to the West,
and The Grove to the East, West 3rd Street is one of the most desirable
destinations in Los Angeles.
West 3rd Street is adjacent to the famed “Restaurant Row” of Beverly
Hills, which houses acclaimed, high-end restaurants on the Eastern end
of Beverly Hills. The Grove and the Farmer’s Market at the Grove on
Fairfax Avenue is a popular destination for tourists and residents alike.
Located on West 3rd Street, one of the most walkable and popular
streets in Los Angeles, 8300 W 3rd St is a retail storefront and rear
second story office on the corner of W 3rd St and Sweetzer in Beverly
Grove.
The building is 5,330 square feet sitting on 4,956 square feet of land.
Currently fully occupied, with a few shorter term tenants, this is the
perfect opportunity for an investor to acquire an irreplaceable retail
location along the most trendy shopping district and restructure it in
the near future.
Roof, plumbing, electrical have all been redone within the last 10 years.
West 3rd Street between Fairfax Avenue and La Cienega Boulevard is a
premier shopping destination known for its bevy of unique retailers and
topnotch restaurants. Bookended by the Beverly Center to the West,
and The Grove to the East, West 3rd Street is one of the most desirable
destinations in Los Angeles.
West 3rd Street is adjacent to the famed “Restaurant Row” of Beverly
Hills, which houses acclaimed, high-end restaurants on the Eastern end
of Beverly Hills. The Grove and the Farmer’s Market at the Grove on
Fairfax Avenue is a popular destination for tourists and residents alike.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,310 SF
Building Class
C
Year Built
1957
Price
$6,833,029 CAD
Price Per SF
$1,286.82 CAD
Cap Rate
4.47%
NOI
$305,436 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.11
Lot Size
0.11 AC
Zoning
C2, Los Angeles - Commercial
Parking
8 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5511-031-039 | Improvements Assessment | $298,934 CAD |
| Land Assessment | $1,396,132 CAD | Total Assessment | $1,695,066 CAD |
PROPERTY TAXES
Parcel Number
5511-031-039
Land Assessment
$1,396,132 CAD
Improvements Assessment
$298,934 CAD
Total Assessment
$1,695,066 CAD
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West Hollywood High-Owner User opportunity! | 8300-8302 W 3rd St
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