611 N La Brea Ave — Sale in Los Angeles, CA

  • Price: $4M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA 90036
  • Size: 6,240 SF
  • Year built: 1930

Investment Figures

Cap rate
5.24%
Price per square foot
$641
Price per unit
$3,998,000 across 1 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Rare and unique opportunity for retail/restaurant owner/users and future development in the dynamic La Brea revitalization corridor. 611 S La Brea Ave, which borders the 200,000 SF 639 S La Brea Hotel and Residences project, is the perfect location for concept or upscale dining and/or entertainment. The 600 block of S La Brea is home to the acclaimed République Café, Restaurant & Bakery. Currently hosting Mix Furniture, 611 S La Brea currently utilizes 6,240 SF for retail floor space (1st floor and mezzanine). If adding value to the property, buyers may utilize significant rental income from the property during permits-entitlements through Mix Furniture lease-back. The property is zoned LAC2, is located in a Tier 4 TOC Zone and on the same block as new La Brea/Wilshire Metro Subway (Purple, D, Line), which is scheduled to open in 2024. Building SF: 6240 | Land Size: 4202.0 SF | Year Built: 1930 | Listing Type: FOR SALE

Market Context

This retail in Los Angeles, CA is listed for sale at $3,998,000 across 6,240 SF ($641/SF). It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1930. It has been on the market for 70 days. Compare it against other retail listings for sale in Los Angeles, CA — view the full market.

Estimated Market Rate

$612.99/SF – $829.35/SF

Mid: $721.17/SF

Estimated total for 6,240 SF: $4,500,101 per year

Rate estimator only; cost-of-business estimate unavailable.

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