109-111 N Fairfax Ave - Storefront FOR SALE


Los Angeles, CA 90036- Beverly Grove
$3,550,000 USD
310-859-8100
109-111 N Fairfax Ave, Los Angeles, CA for Sale
$3,550,000 USD
Storefront - FOR SALE
1/22
null | Request Cap Rate

109-111 N Fairfax Ave
Los Angeles, CA 90036
Beverly Grove


HIGHLIGHTS

  • Exceptional location, situated between 3rd St + Beverly Blvd
  • 2-unit property leased to popular, established restaurant tenants
  • Adjacent to CBS TV City, Original Farmers Market + the Grove

OVERVIEW

This highly sought-after 2-unit commercial property is home to two well-known restaurant tenants, Tsujita and Chao Krung Thai. Superbly located, the property is positioned between Beverly Boulevard and 3rd Street, situated directly across from CBS Television City, soon to undergo a transformative $1 billion+ redevelopment. The property further benefits from its prime location just north of and across the street from The Original Farmers Market and The Grove, two of Los Angeles’ most popular retail and dining destinations. Onsite parking: 6 shared spaces. Additional enclosed storage area behind the building – Leased To 111 N. Fairfax Ave. Soaring traffic counts: Fairfax Ave + Beverly Blvd - 38,888 CPD. Buyer has been informed that Seller may engage in a tax-deferred exchange pursuant to Section 1031 of the Internal Revenue Code. Buyer agrees to reasonably cooperate with Seller to complete the exchange. This exchange will cause no additional expense or liability to Buyer. Price + financial prospectus available upon request.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$1,183 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C2

APN/PARCEL ID

5511-001-007

ASK ABOUT THIS PROPERTY

David PassmanThe Passman Group IncMore Info
310-859-8100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David PassmanThe Passman Group IncMore Info
310-859-8100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.