176 n. lA BREA AVENUE
LOS ANGELES, CA 90036
PRICE
$4,870,000
BUILDING SIZE
9,780 SF
LOT SIZE
5,251 SF
PROFORMA
CAP RATE
6.63%
PRICE/SF (BLDG)
PRICE/SF
(LAND)
$498
$927
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 176 N La Brea Avenue, a 9,780 square foot three-story, recently renovated retail and office property situated on 0.12 acres of land (5,251 SF) ideally located one parcel south of the signalized corner of N La Brea Avenue & Beverly Boulevard near Fairfax and Miracle Mile in Los Angeles, CA.
176 N La Brea Avenue will be delivered vacant creating an immediate value-add or owner-user opportunity. A value-add investor will have the ability to reposition the property with a market rate paying tenant. An owner-user buyer can occupy the property for their own business.
The subject property is located just south of the SE signalized corner of N La Brea Avenue and Beverly Boulevard, centrally positioned between the Fairfax District and Miracle Mile in Los Angeles, CA.
The property enjoys excellent visibility with approximately 50 feet of frontage along N La Brea Avenue. N La Brea Avenue is a highly trafficked north-south thoroughfare with traffic counts in excess of 47,000 VPD.