Roseann Oesterreich, CRS, GRI

Los Angeles CA Real Estate & Commercial for Sale

1 Properties Found

The median home value in Los Angeles, CA is $1,120,000. This is higher than the county median home value of $740,000. The national median home value is $277,796. The average price of homes sold in Los Angeles, CA is $1,120,000. Approximately 45.33% of Los Angeles homes are owned, compared to 47.42% rented, while 5.37% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Los Angeles real estate agent to arrange a tour today!
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Beds:
n/a
Baths:
Sq.Ft.:
4,343
Status:
Active
MLS#:
PV22046273
Type:
Retail
Lot size:
0.12 Acres
Year built:
1936
Courtesy: Dounia Zamora - Keller Williams Palos Verdes
View additional info

We are pleased to present a two-tenant commercial property in Los Angeles (Hollywood), California. This property includes a landmark Psychic store and Plyo Fitness Gym. Plyo Fitness is a private gym with special emphasis on personal training. While Plyo Fitness is a Sublesee paying a higher rent to the Sublessor, both tenants have expressed interest in continuing to stay and operate their businesses from this location. There are built in opportunities for short-term upside by simply taking the place of the Sublessor and seeing a near immediate upside while still keeping the tenants’ rents at a sustainable level. Alternatively, there is also an owner-user opportunity given the short-term horizon of the existing leases.The location of the property is in the heart of Hollywood on North La Brea Avenue between Melrose and Santa Monica Boulevard. This property is located 1 block from world famous PInK's Hot Dogs and 7 Min drive to Pink's Taco on Sunset Blvd The traffic count per a MPSI 2018 study registered at 59,600 vehicles per day. According to 2021 Census Data, there are nearly 1-million people in the surrounding 5-mile radius and an average income of over $94,000 per year. The building measures 4,434± square feet and is situated on a 5,250± square feet lot. There are two additional mezzanine floors in the gym area adding an extra 1,900± square feet to the overall area. The building was built for an industrial purpose with large dome vaulted ceiling with 20’ clearance span and an expansive industrial look and feel. Whether you are an investor or owner-user this building and the circumstances surrounding the tenants present a unique opportunity for investors of all stripes. This property is in a great location! Near West Hollywood and walkable distance to lots of stores and restaurants.

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Based on information from CRISNet MLS as of 5/20/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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