342-344 La Cienega Boulevard

  • For Sale $3,250,000
  • Los Angeles, CA 90048
  • Retail | ±3,721

Details

  • Offer For Sale
  • Property Type Retail
  • Building Size 3,721 SF
  • Land Size 5,361 SF
  • Zoning LAC2
  • Parking Five [5] onsite surface space in rear of property with the ability to stack 1-2 additional cars
  • NOI ±$148,293* (Dec. 2019)
  • Cap Rate ± 4.56% (Dec. 2019)

Highlights

  • Two [2] short term leases which lend to future upside in rents or possible full to partial owner-user occupancy
  • Both tenants have approximately 2.5 years left on their respective leases. Both have options to renew
  • Possible re-development potential in the long term
  • First time on the market in almost forty [40] years
  • Rear access via the alley way
  • ±40 feet of frontage along N La Cienega Boulevard
  • Excellent area demographics and public transportation
  • Centrally located within walking distance to world class amenities (shopping centers, banks, food, fashion, furniture/interior design and much more)
  • Fantastic street presence and signage potential

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Address

342-344 N La Cienega Boulevard
Los Angeles, CA 90048
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