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816 N. La Cienega Boulevard
Los Angeles, CA 90069

Price: $4,700,000 Zoning: C4
Bldg SF: 3,927 SF Price/SF (Building): $1,197
Land SF: 4,963 SF Price/SF (Land): $947
Occupancy:  49% Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 816 N. La Cienega Boulevard, Los Angeles, CA 90069
Price: $4,700,000
Bldg SF: 3,927 SF
Land SF: 4,963 SF
ProForma CAP Rate: 3.70%
Price/SF: $1,197
Occupancy: 49%
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Irreplaceable La Cienega Boulevard Location

 

  • Ideally located on North La Cienega Boulevard, just south of Santa Monica Boulevard and just north of Melrose Avenue in world famous West Hollywood, CA

  • High daily traffic counts north of 35,000 vehicles per day

  • Highly walkable location with a walk score of 88

  • Close proximity to high end restaurants, retailers, boutiques, and night life options

 

Iconic West Hollywood Submarket

 

  • Major hotspots and destinations in the immediate area, including the world-famous Sunset Strip, Santa Monica Boulevard, Melrose Avenue, and Robertson Boulevard

  • West Hollywood is one of the most famously known locales for celebrities, wealthy residents, and tourists alive

  • There may be no greater concentration of high-end restaurants, retailers, boutiques, and night life than what is found in this world-famous neighborhood

 

Affluent and Dense High-End Demographics

 

  • Average income of $113,245 within a one-mile radius

  • Median household income of $84,384 within a one-mile radius

  • Over 46,000 people within one mile of the subject property and over 850,000 people within five miles

  • Over 27,000 households within one mile

 

Ideal Owner-User or Investment Opportunity

 

  • 2,000 square foot ground floor retail space is vacant, creating a unique opportunity for an Owner-User Buyer to immediate occupy the space and generate income from the second story office tenant

  • Eight parking spaces in the rear of the property

  • 4,792 square feet of land zoned C4-1VL

  • Tier 3 TOC