Share This Listing

Message

955 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the agent for more information about this property

1651-1657 N La Brea Ave 5,603 sq ft 100% Let Retail Property Los Angeles, CA 90028 £5,145,433 (£918.34/sq ft) 5% Net Initial Yield

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Signalized Intersection
  • Mix of Residential, Commercial, Office and Entertainment
  • High Foot Traffic

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

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
5,603 sq ft
Costar Property Class
B
Year Built
1980
Price
£5,145,433
Price per sq ft
£918.34
Yield
5%
NOI
£257,272
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
Walk Score®
Excellent pedestrian access (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

NEARBY MAJOR RETAILERS

CorePower Yoga
LA Fitness
Starbucks
Buffalo Wild Wings
wahlburgers
Hard Rock Cafe
Jinya Ramen Bar
U.S. Bank
The Coffee Bean & Tea Leaf
Mayweather Boxing + Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5548-008-042
Land Assessment
£802,479
Improvements Assessment
£474,184
Total Assessment
£1,276,663
  • Listing ID: 38645036

  • Date on Market: 01/10/2025

  • Last Updated:

  • Address: 1651-1657 N La Brea Ave, Los Angeles, CA 90028

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}