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1651-1657 N La Brea Ave 5,603 sq ft 100% Let Retail Property Los Angeles, CA 90028 £5,074,852 (£905.74/sq ft) 5.19% Net Initial Yield
Investment Highlights
- Signalized Intersection
- Excellent Mix of Residential, Commercial, Office and Entertainment
- Close Proximity to Numerous Tourist Destinations
- High Foot Traffic
- Public Transportation Easily Accessible
Executive Summary
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 38 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 $5.3 Billion in 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.
Zoning for the subject property is (Q)C4-2D-CPIO
Zoning for the subject property is (Q)C4-2D-CPIO
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Property Size
5,603 sq ft
Costar Property Class
B
Year Built
1980
Price
£5,074,852
Price per sq ft
£905.74
Yield
5.19%
NOI
£263,140
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.51
Total Plot Size
0.25 ac
Use Class
(Q)C4-2D-CPIO - (Q)C4-2D-CPIO
Parking
12 Spaces (2.14 Spaces per 1,000 sq ft Leased)
Amenities
- Corner Lot
- Signalised Intersection
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5548-008-042 | Improvements Assessment | £477,052 |
| Land Assessment | £807,332 | Total Assessment | £1,284,384 |
Property Taxes
Parcel Number
5548-008-042
Land Assessment
£807,332
Improvements Assessment
£477,052
Total Assessment
£1,284,384
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1651-1657 N La Brea Ave
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