West Hollywood High-Owner User opportunity! | 8300-8302 W 3rd St
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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 £3,936,695 (£741/SF) 4.68% Net Initial Yield
INVESTMENT HIGHLIGHTS
- OWNER USER OPPORTUNITYI
- IRREPLACEABLE WEST 3RD STREET LOCATION
- SIGNALIZED CORNER
- AFFLUENT LOS ANGELES SUBMARKET
EXECUTIVE SUMMARY
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.
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
£3,936,695
Price Per SF
£741
Net Initial Yield
4.68%
NOI
£184,237
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
11 ft
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 Route
- Signage
- Signalised Intersection
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5511-031-039 | Improvements Assessment | £866,868 |
| Land Assessment | £2,604,581 | Total Assessment | £3,471,449 |
PROPERTY TAXES
Parcel Number
5511-031-039
Land Assessment
£2,604,581
Improvements Assessment
£866,868
Total Assessment
£3,471,449
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West Hollywood High-Owner User opportunity! | 8300-8302 W 3rd St
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