8115-8117 W 3rd St - Storefront FOR SALE


Los Angeles, CA 90048
$6,500,000 USD
310-272-7381
8115-8117 W 3rd St, Los Angeles, CA for Sale
$6,500,000 USD
Storefront - FOR SALE
1/26
null | 7% Cap Rate

8115-8117 W 3rd St
Los Angeles, CA 90048


OVERVIEW

For Sale: Unbelievable West 3rd St Location surrounded by some of Los Angel's Best tenants in a densely populated area where single family homes start at 1.5 million and luxury apartments start at $2,500 per month. Located down the street from the World Famous Grove and the new Regency luxury apartment project. Youth Academy of Dramatic Arts (YADA) (https://yada.org/) occupies over 90% of the building and has occupied the building for over 25 years. YADA is an institution in Los Angeles and has recently extended their lease for an additional 5 years.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$693 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LAC2

APN/PARCEL ID

5511-021-025

ASK ABOUT THIS PROPERTY

David AschkenasyCommercial Asset Group (CAG)More Info
310-272-7381

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David AschkenasyCommercial Asset Group (CAG)More Info
310-272-7381

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