7038 Sunset Blvd. Los Angeles, CA 90028 | $20,800,000
A set of 5 lots under one APN at the corner of Sunset Blvd. and Sycamore Ave. Currently a 9,511 SqFt restaurant with excess parking. This property is situated on the eastern end of the block at Sunset and La Brea and three tiny blocks west of Highland Ave...two of the most famous intersections in the world. With the current zoning, Transit Oriented Communities designation of Tier 3 and the Regional Center Commercial General Plan, this property is a developer’s dream. This site will be among the most desired new developments in the City, with its tremendously central location, surrounded by one of Los Angeles’ strongest economic centers, a stone’s throw to restaurants, bars and all that the nightlife has to offer. The property is located less than a mile from the Hollywood Arclight, 24 Hour Fitness, Hollywood and Highland (with the Dolby Theater and Metro Red Line Subway Station), The Magic Castle, Yamashiro’s, Trader Joe’s, Ralphs and so much more! From this site, your tenants, customers and/or condo buyers will have easy access to the 101 Freeway and all that the City has to offer. What a perfect development site for any project your imagination desires...build a mixed-use project with apartments, condos, a hotel, restaurants, offices…it is just waiting for your touch.
338 – 358 Douglas Street Los Angeles, 90026 | $12,495,000
Douglas|Cortez Development is over an acre of flat land (45,280 square feet) in prime South Echo Park / Westlake / City West near booming Downtown LA. Situated on the corner of Douglas St and Cortez St with nearly 450 feet of frontage along with rear access from Angelina St, the property offers an investor/developer a truly one-of-a-kind development opportunity. Uniquely perched at the crest of a hilltop, this site, and the future development has 360-degree views: looming Downtown LA in one direction, the Hollywood sign, Griffith Park and Observatory in another, all framed by SoCal’s beautiful mountains. The prime location, just south of the 101 Freeway and minutes from Downtown LA, gives future tenants access to all the dining, culture and entertainment that Echo Park has to offer. The area has undergone a major economic renaissance during the past decade with development as the driving force. The new apartment and mixed-use developments in the immediate area have provided an overwhelming increase in the demand for high-end rental units and retail.
1023 N. Hayworth Ave West Hollywood, CA 90046 | $3,375,000
The subject property is a nine unit multi-family complex with tremendous upside potential. The property has a wonderful unit mix comprised of 1 studio unit, 4 one bedroom, one bathroom units, and 4 two bedroom, two bathroom units. Totaling 7,922 square feet, this building sits on a 6,984 sf lot which provides tuck under parking to most of the tenants. Two units are currently sitting vacant and being remodeled which allows an owner-user/investor to come in and re-position the low returning units and capitalize on the steady rental market place. Situated on Hayworth half a block south of Santa Monica Boulevard and one block west of Fairfax, this asset is surrounded by the neighborhood’s hottest restaurants/shopping/and nightlife, ensuring the continual rise of demand for rental units in the area.
10250 Santa Monica Blvd Century City, 90067 | $12,300
Perfectly situated on the first floor surrounded by Sephora, Sugarfina, and Abercrombie and Fitch, this beautifully built out Kiosk is ready to move into asap. Asking $195,000 Key Money 300 SF Kiosk Rare opportunity to join over 200 retailers at The Westfield Corporations trophy outdoor mall asset in Century City which sees 20 million annual customers. Send in your NDA for more detailed information Business is currently in operation. Please do not make tenants aware of sale.
124 La Brea Ave, Los Angeles, 90036 | $12,080
Retail Lease opportunity on PRIME La Brea Ave and 1st St. La Brea has proven itself to be the go-to location for new and hot retail stores. Numerous restaurants and celebrity owned locations line the street, with people lining up and camping for hours on end, waiting for the hottest new clothing line to drop. Only steps away from American Rag, Republique, Undefeated, Sugarfish and countless more. Currently occupied by Liberation Yoga, this 1,600 SF structure has 40 feet of frontage and glass windows lining the building. Ownership has drawings and plans to extend the building by constructing an additional 989 Sf in the rear, bringing the total Square Footage to +/- 2,598. 2 parking spots in the rear for employees. This plan allows a tenant to capitalize on the construction and customize the build-out. Restaurants can easily install grease traps or built-in hoods, at minimal costs. Build-out should take around 4-5 months, so look now and commit to a summer grand opening!
4455 Van Nuys Blvd. | Sherman Oaks, 91403 | Offering Price - $1,650,000
The subject property is a single-tenant street retail spinning studio located on the cusp of Sherman Oaks. Dragonfly Cycling is proud to call 4455 Van Nuys Blvd in Sherman Oaks their home since January 2015. Rated 5 stars with over 226 reviews on Yelp, this cycling studio has 6 months left on their lease with one 5 year option. Currently leased well below market on a gross lease, this 2,400 square foot building with beautiful exposed rafters and updated HVAC and systems allows a future landlord to acquire an investment with a lease in place and tremendous upside by turning a future lease to NNN and increasing the rent. Just making the Sherman Oaks city cutoff, this building receives all the benefits from the Sherman Oaks Business Improvement District. Building Size – 2,400 square feet Lot Size - 3,757 square feet Year Built – 1975 Parking – 6 Cap Rate – 4.2% Market Cap – 7%