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21016326
21016327

1064 - 1066 Gayley Ave, Los Angeles, CA 90024

PT
CA CA 00881133, AZ SA 705093000
Institutional Property Advisors
EW
CA 01172596
Marcus & Millichap - Los Angeles
Listed by Institutional Property Advisors, Marcus & Millichap - Los Angeles
$3,300,000
567 days on market
Updated 1 day ago

1064 - 1066 Gayley Avenue

Details
APN 4363-024-009
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 3,437
Units 2
Cap Rate 9.09%
NOI $300,123
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps No
Broker Co-Op Yes
Year Built 1949
Buildings 1
Stories 1
Lot Size (SqFt) 4,400
Zoning LAC4
Parking Spaces 4 spaces
Parking per 1,000 SqFt 1.16
Investment Type Stabilized
Occupancy Date 12/18/2024
Ground Lease Yes
Ownership Leasehold

Leasehold Opportunity in the Heart of Westwood Village

Marketing description

Marcus & Millichap is pleased to present for sale 1064-1066 Gayley Avenue, a leasehold opportunity in

historic Westwood Village. This unique 3,437-square-foot retail building is near iconic restaurants and

retailers in a prime West Los Angeles trade area. Gayley Avenue in Westwood Village is a constant high

foot traffic area due to the local UCLA students, populous workforce, and nearby residents. This property

is directly next to Westwood Village Anchor, Whole Foods, which retains a consistent flow of visitors every

day.

Investment highlights

Prime Location & Iconic Appeal

  • Legendary Westwood Village location, adjacent to Whole Foods Market.

  • Street frontage on a major retail corridor with excellent visibility.

  • 93 Walkscore – “Walker’s Paradise.”

Trophy Asset with Historical Value

  • Pride of ownership in a highly desirable West L.A. market.

  • Historical real estate value growth with future development prospects.

Capable & Reliable Tenancy

  • 100% occupancy with minimal landlord responsibilities.

  • Property has been continuously leased for over 40 years.

  • Experienced and popular tenants, including Northern Cafe and Lamonica’s NY Pizza (est. 1986).

  • Internet-resistant investment with strong and stable cash flow.

Strong Leasehold Investment

  • NNN leases ensuring minimal landlord responsibilities.

  • $200 monthly ground lease rent, fully recovered by tenants, with no increases.

  • Return on investment projected in 10 years.

  • Tax depreciation advantages for long-term financial benefits.

Demographics & Consumer Base

  • $156K average household income within a 3-mile radius; $121K within 1 mile.

  • Dense population of 212K residents within 3 miles, including young professionals, UCLA students, faculty, and nearby employees.

Major Retail Hub

  • Situated in a highly desirable retail corridor, surrounded by successful and well-established businesses.

  • Historical and future tenancy ensures long-term stability and growth potential.

Listing Contacts

PT
CA CA 00881133, AZ SA 705093000
Institutional Property Advisors
EW
CA 01172596
Marcus & Millichap - Los Angeles
Listed by Institutional Property Advisors, Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$300,123.00
$25,010.25/mo

Valuation Metrics

0
DSCR
9.09%
Cap Rate
9.09%
ROI

Map

Zoning

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C4-2D-O CommercialSpecial CommercialCommercial 2 Development Limitations Oil Drilling
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Patrick Toomey
License
CA 00881133
Brokerage
IPA
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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