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.