1219 S La Brea Ave | Los Angeles, CA 90019
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1219 S La Brea Ave
Los Angeles, CA 90019
Bldg A · Retail Property For Sale
Investment Highlights
- High Traffic Counts
- Owner/User Opportunity
- Centralized Location
Executive Summary
First time on the market for sale in over 40 years! Rare opportunity for an owner/user or investor to acquire this built-out photo studio. Has been operated as a photo studio, either by the owner, or leased out, for over 40 years. Great opportunity to acquire a two building retail location in the prime in-fill Mid-Wilshire neighborhood of Los Angeles. Close proximity to Koreatown, the Grove, and the Pico/Robertson neighborhoods of Los Angeles. Easy access to the 10 freeway and DTLA. Upside in rents, tenant currently paying only $2.12/Sq. Ft./month NNN. Interior amenities include: Coved Corner Cyclorama, full kitchen, full bath, Vaulted Ceilings, Sound Dampening, and much more.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Retail
Building Size
4,242 SF
Building Class
C
Year Built/Renovated
1939/2012
Price
£1,741,782
Price Per SF
£411
Net Initial Yield
4.92%
NOI
£85,716
Tenancy
Single
Number of Floors
1
Building FAR
0.57
Lot Size
0.17 AC
Zoning
C2 - Commercial
Parking
7 Spaces (1.65 Spaces per 1,000 SF Leased)
Frontage
45 ft on South La Brea Avenue
Amenities
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 5084-028-003 | Improvements Assessment | £101,726 |
| Land Assessment | £262,562 | Total Assessment | £364,288 |
PROPERTY TAXES
Parcel Number
5084-028-003
Land Assessment
£262,562
Improvements Assessment
£101,726
Total Assessment
£364,288
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