617 N La Brea — Sale in Los Angeles, CA

  • Price: $4.3M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA 90036
  • Size: 6,400 SF
  • Year built: 1930

Investment Figures

Cap rate
5.24%
Price per square foot
$672
Price per unit
$2,149,000 across 2 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. 617 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, 617 S La Brea currently utilizes 5,000 SF for retail floor space (1st floor) and 1,400 SF of office/administrative space (2nd Floor). Building SF: 6400 | Land Size: 4201.0 SF | Year Built: 1930 | Listing Type: FOR SALE

Market Context

This retail in Los Angeles, CA is listed for sale at $4,298,000 across 6,400 SF ($672/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 71 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 6,400 SF: $4,615,488 per year

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

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