5273-5279 W Olympic Blvd - Restaurant FOR SALE


Los Angeles, CA 90036
$4,990,000 USD
424-901-8206
5273-5279 W Olympic Blvd, Los Angeles, CA for Sale
$4,990,000 USD
Restaurant - FOR SALE
1/4
null | Request Cap Rate

5273-5279 W Olympic Blvd
Los Angeles, CA 90036


HIGHLIGHTS

  • Excellent Visibility and Access
  • Transit Oriented Property
  • High Barriers to Entry
  • Highly Dense and Affluent Demographics
  • Proximity to Major Employers
  • Multiple Revenue Streams

OVERVIEW

Jones Lang LaSalle as an exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 5275 West Olympic Boulevard (the “Property” or the “Offering”). Consisting of 6,194 square feet of GLA between four, newly renovated retail suites, the Offering presents the opportunity to acquire a 12,402 square foot corner lot at the signalized intersection of South La Brea Avenue (42,009 VPD) and West Olympic Boulevard (43,111 VPD). The Property boasts great visibility with frontage across both points of ingress, as well as featuring an income -generating billboard on the premises. The Property is situated within a densely populated, pedestrian friendly environment, with 489,087 residents within a three-mile radius of the Property. The Offering also offers great accessibility with entry points on both South La Brea Avenue and West Olympic Boulevard, featuring 12 surface parking stalls and a walker’s paradise designation. CALL FOR OFFERS: TUESDAY, AUGUST 6TH

FOR SALE DETAILS

PRICE

$4,990,000 USD

PRICE/SF

$806 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CFO: 8/6/24

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

LAC2

APN/PARCEL ID

5084-004-009

ASK ABOUT THIS PROPERTY

Tim KuruzarJLLMore Info
424-901-8206

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Tim KuruzarJLLMore Info
424-901-8206

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