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727 NORTH LA BREA AVENUE Los Angeles, CA 90038

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727 NORTH LA BREA AVENUE Los Angeles, CA 90038 FOR SALE • INVESTMENT OR OWNER-USER OPPORTUNITY • WELL-LOCATED RETAIL + OFFICE PROPERTY 727 NORTH LA BREA AVENUE Los Angeles, CA 90038 WILLIAM ALTHOUSE 310.966.4389 DISCLAIMER The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of 727 North La Brea Avenue (“Property”) and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of WESTMAC Commercial Brokerage Company, DRE #01096973, or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. WESTMAC Commercial Brokerage Company is located at 1515 South Sepulveda Boulevard, Los Angeles, CA and can be reached at (310) 478-7700. The only party authorized to represent the property owner (“Owner”) in connection with the sale of the Property is WESTMAC Commercial Brokerage Company and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. Neither WESTMAC Commercial Brokerage Company nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by WESTMAC Commercial Brokerage Company with respect to the projected future performance of the Property. These assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, WESTMAC Commercial Brokerage Company and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and recipient of these materials shall not look to Owner or WESTMAC Commercial Brokerage Company, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for nay reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release Owner from any liability with respect hereto. WALK SCORE PROXIMITY 92— Walker’s Paradise to a variety of amenities TENANTS WELL-LOCATED currently 3 tenants between West Hollywood, on the ground floor, Hollywood, La Brea 2nd floor is vacant + Hancock Park PROPERTY DESCRIPTION WESTMAC Commercial Brokerage company is pleased to present the opportunity to purchase this multi-tenant retail + office property located at 727 North La Brea Avenue. The property is a ±9,272 rentable square foot retail building on ±5,251 square feet of land. It is currently leased to 3 retail tenants on the ground floor, and is vacant on the second floor. The property includes 11 parking spaces—6 onsite garages, 3 2-car garages across the alley, and 2 single spaces directly next door. PROPERTY HIGHLIGHTS ADDRESS ASKING CURRENT USE YEAR BUILT 727 North La Brea Avenue PRICE Retail + Office 1951 $4,750,000 BUILDING SF LOT SF APN PARKING ±9,272 SF ±5,251 SF 5525-009-006 Total of 11 spaces Currently, the entire second floor of the property is vacant. On the first floor, there are three tenants. TENANT There are also 3 garages on-site, 3 2-car garages across the alleyway and two spaces next door to the south for a total of 11 car parking. The 2-car garages OVERVIEW and two single spaces next door are easements. Location Lease Type Monthly Rent Lease Expiration Options 1, 2-year option Ground Floor Retail - Hair Boss Salon NNN $4,120 April 14, 2022 @ FMV Ground Floor Retail - Plank + Stone MG $3,000 December 31, 2020 N/A Ground Floor Retail - Nail Spa $5,200 Month-to-Month N/A 2nd Floor Vacant N/A N/A N/A AREA SUMMARY FAIRFAX DISTRICT, LOS ANGELES 727 North La Brea Avenue is located just south of the West Hollywood perimeter, and west of the Hollywood perimeter in the lively Fairfax District. The subject property is located amongst Los Angles hotspots such as Melrose Umbrella Co., Spartina, Urban Outfitters, the Melrose Trading Post and Blu Jam Cafe. The area is iconic for independent shops sprinkled along the Melrose Avenue— it was and is the cool place to shop. Walls sprinkled across the area are covered in full-scale murals and art, amidst the trendy dining and entertainment options that are curated along Melrose Avenue. The area has gained notoriety in recent years due to the eclectic array of shop offerings on Melrose and fine furniture stores on Beverly Boulevard. UNIQUE OFFERINGS WALKABLE CORRIDORS FARMERS MARKET WELL LOCATED Shopping + Dining High Walk Scores Home to Historic Farmer’s Market Next to Employment Hotspots AREA AMENITIES 1 Ysabel 2 Coffee Commissary 3 Melrose Trading Post 4 Jon + Vinny’s Fairfax 5 Pink’s Hot Dogs 1 6 Bludso’s Bar & Que 2 7 Pizzeria Mozza 8 14 18 17 13 11 9 12 10 5 8 Petit Trois 3 7 6 9 Blu Jam Cafe 10 Lala’s Argentine Grill 4 16 11 Melrose Umbrella Co. 12 Salvatore’s on Melrose 15 13 Spartina 14 Jonathan Alder 15 Blue Bottle Coffee 16 Canter’s 17 American Vintage 18 Urban Outfitters N W E S AREA DEMOGRAPHICS The Fairfax District area has a population of 13,360 people, within the 1.23 square mile perimeter. There are approximately 10,122 people per square mile within the city. Of the population, 54.6% have achieved an education level of Bachelor’s degree or higher, and 90.49% have achieved an education level of high school or higher. The median age of the population is 33. In the Fairfax District, the median income is $65,938. POPULATION PEOPLE/HOUSEHOLD 13,360 people Average of 2 people MEDIAN INCOME MEDIAN AGE $65,938 33 years *statistics from Los Angeles Times 727 NORTH LA BREA AVENUE Los Angeles, CA 90038 FOR FURTHER INFORMATION WILLIAM ALTHOUSE PLEASE CONTACT: Executive Vice President 310.966.4389 WESTMAC Commercial Brokerage Company [email protected] 1515 South Sepulveda Boulevard DRE #01403020 Los Angeles, CA 90025.
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