8731 W 3rd Street

For Sale
8731 - 8735 W 3rd Street, LA - OM132

Property Details

0 0 0 Office/Retail

8731-8735 W 3rd Street, Los Angeles, California 90048


Coldwell Banker Commercial Realty is pleased to present the opportunity to acquire 8731-8735 West 3rd Street, a multi-tenant triple net (NNN) retail property comprised of 2 retail units and a 3rd flex/warehouse unit in the back with offices. This trophy asset is in one of Los Angeles’ prime retail corridors in Beverly Grove, just east of Beverly Hills and south of West Hollywood. One of the retail spaces is currently occupied by Café Angelino, a beloved neighborhood Italian restaurant, with a long-term NNN lease in place. For owner-users, this property will be delivered with the second retail unit vacant. The flex space unit with an office located at the north side of the property is currently leased to a photo studio tenant on a month-to-month lease will be delivered vacant. As an investment property, this popular retail location will present investors with an opportunity to operate a fully leased building, as it presents versatile uses for a wide range of tenants. This West 3rd Street area of Beverly Grove is a hip shopping and dining destination. The property is near the Robertson Shopping District, The Beverly Center, The Grove, The Farmers Market. Major employers are short distance from this property such as Cedars Sinai hospital that has a staff of over 10,000 employees and physicians. This location is also adjacent to highly populated affluent residential neighborhoods and has great foot traffic for businesses to thrive. Do not miss this opportunity!