Listed by CBRE - South Bay, CBRE - West LA
Unpriced
Larchmont Mercantile
Details
APN 5515-024-002
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 17,144
Net Rentable (SqFt) 17,144
Units 14
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Renovated 2022
Buildings 1
Stories 1
Lot Size (SqFt) 30,048
Zoning C2
Parking Spaces 36 spaces
Parking per 1,000 SqFt 2.10
Retail | 17,144 SqFt
Marketing description
CBRE's West LA Retail Advisory and So. Cal. Retail Investment Properties teams are proud to present a rare, multi-generational opportunity to acquire Larchmont Mercantile. This one-of-a-kind, best-in-class retail asset features a curated mix of prized retail, service, and café tenants. Recently re-envisioned and fully leased, the property occupies a premier street-front location on iconic Larchmont Boulevard in the historic and affluent Larchmont Village neighborhood of Los Angeles. Well positioned on the best stretch of famed Larchmont Blvd., the 100% occupled property and highly desirable trade area blends the elegance of high-end retall with the warmth and old town charm of yesteryear's walkable neighborhoods and villages.
Opportunities of this caliber and prestige are exceptionally rare, making this a Landmark Investment Opportunity in one of Los Angeles's most treasured walkable commercial/residential enclaves.
Investment highlights
- Irreplaceable Larchmont Village Location In an affluent area of central Los Angeles : Ideal Trophy-Quality Asset for Long-Term Hold or 1031 Exchange
- Blending Old Town charm with a curated mix of cafés, fashion boutiques, shops, and services, Larchmont Village remains a favorite among locals and visitors seeing a close- knit neighborhood feel in the heart of Los Angeles. With over 553,000 residents within a 3-mile radius-and surrounded by Hancock Park, Windsor Square, Beverly Grove, and Hollywood-Larchmont draws thousands dally with Its walkable, tree-lined streets and Its unique balance of trend- forward tenants and hometown warmth.
- Major employers like Paramount Studios, Netflix, and the Wilshire Country Club contribute to the 535,000+ dally employees within a 3-mile radius; many of whom frequent Larchmont Village and Its iconic boulevard.
- Curated, Synergistic Tenant Mix
- Larchmont Mercantile features a thoughtfully assembled roster of national, International, and local operators; each contributing to the street's distinct rhythm and dally foot traffic. The property's diverse mix is complemented by neighboring shops and cafes that anchor Larchmont as one of Los Angeles' most iconic retail corridors.
- Newly Reimagined Pride-of-Ownership Asset
- Re-envisioned In 2022 by Christina Development In collaboration with world-renowned Gensler Architecture and Design, Larchmont Mercantile underwent a comprehensive Interior and exterior renovation. The result: four distinct architectural facades, a curated tenant lineup, and a seamless blend of historic charm and modern design. With 250 feet of frontage along North Larchmont Boulevard and rare gated rear parking (36 stalls), the property now anchors the most iconic stretch of Larchmont Village.
- Amid record-high tenant demand for space In Larchmont Village, Larchmont Mercantlle offers a best-In-class leasing prone. The property Is fully leased, with fourteen ground- floor retail spaces and two small second-floor creative office suites. Rent roll stability is reinforced by a strong waitlist, market- rate rents, and minimal landlord TI contributions to date.
- Efficiently sized tenant suites-averaging approximately 1,100 square feet with 60-foot depths and high-Impact street visibility-perfectly align with what today's modern retail and service operators are seeking.
- Stable In-Place Income with Near-Term Upside
- Larchmont Mercantile offers Investors 100% occupancy and strong In-place cash flow, supported by lease-stated annual rent Increases across all tenants. With current average rents +/-25% below market, the asset presents a compelling opportunity for value growth.
- Solid mix of Tenants ranging from local to +/- 64% National/ Regional or International Tenancy.
- Attractive near term upside though tenant roll over In Options, approx. 95% by 2029.
Listing Contacts
Listed by CBRE - South Bay, CBRE - West LA
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