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Wall Stree
8016 West 3rd Street, Los Angeles, CA 90048

8016 West 3rd Street

Price: 
Price / SF:

$3,900,000

$1,333

Year Built: 

1946

APN: 

5511-028-027

Building Area: 
Land Area: 
Zoning:

2,925 SF

4,356 SF

LAC2

Status: 

Active

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  • Prime Beverly Grove Location: Strategically Positioned Retail Building in One of Los Angeles’ Prime Retail Corridors. Located on W. 3rd Street, a Thriving Shopping and Dining District With a Remarkable Walk Score of 95.

  • Versatile Spaces: Comprised of Two Retail Spaces, Including a Fully Built 1,925 SF Vacant Restaurant Space and a Currently Occupied 1,000 SF Retail Space that can be Delivered Vacant. Both Spaces Feature Excellent Signage and Visibility, Enhancing Business Exposure.

  • Attractive Potential: Potential for Over 6.25% Return for Investors as Well as a SBA 504 Purchase for Owner-Users to Occupy the 1,925 SF Space.

  • Additional Income: Rare Income-Producing Billboard Sign on the Roof, Adding to the Property’s Revenue Stream.

  • Strategic Placement: Positioned Between the Grove/Original Farmers Market and the Recently Renovated Beverly Center, Enhancing the Property’s Appeal.

  • Esteemed Neighbors: Immediate Vicinity Includes Renowned Establishments Such as Joan’s on Third, Sweetgreen, Mercado, Bacari, Verve, Mendocino Farms, and More.

  • Demographic Advantage: Infill Location With Over 960,000 People in a 5-Mile Radius and an Average Household Income of $115,759.

  • Financing Options: Opportunity to Explore SBA 504 or Conventional Loan Options—Contact Listing Agents for Details.

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The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present a compelling investment or owner-user opportunity—the acquisition of 8016 W 3rd St, a strategically positioned retail building in one of Los Angeles’ prime retail corridors. This property represents a promising prospect for savvy investors or owner-users seeking to capitalize on its location in a robust and affluent trade area, characterized by significant foot and vehicular traffic.

 

The building is comprised of two retail spaces one of which is a fully built 1,925 SF vacant restaurant space and a currently occupied 1,000 SF retail space that can be delivered vacant. Both spaces have excellent signage and visibility. The property also has a rare income producing billboard sign on the roof. Investors have the potential to reach over 6.25% return with re-tenanting efforts or owner-users can purchase the building with attractive SBA financing.

 

Situated on W. 3rd Street, renowned for its impressive walk score of 95, Beverly Grove stands as a thriving shopping and dining district. With over 100 destination shops, prominent restaurants, and independent boutiques, W. 3rd Street is recognized as the most walkable dining and shopping district in LA. The property’s strategic placement between The Grove/Original Farmers Market and the recently renovated Beverly Center further enhances its appeal.

 

The immediate vicinity is home to esteemed establishments such as Joan’s on Third, Sweetgreen, Mercado, Bacari, Verve, Mendocino Farms, and others, underscoring the property’s desirability. This investment opportunity offers the potential for substantial returns within the dynamic retail landscape on W 3rd Street. The property benefits from it’s infill location with over 960,000 people in a 5-mile radius with average household income of $115,759.

 

We invite you to explore the strategic advantages and potential financial gains associated with this property acquisition. Contact listing agents to discuss the opportunity to obtain a SBA 504 or conventional loan.

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