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31228405
31228416

8300 W. 3rd Street, Los Angeles, CA 90048 For Sale

WA
CA 01403020
WESTMAC
Listed by WESTMAC
$4,950,000
120 days on market
Updated 120 days ago

8300 W. 3rd Street

Details
APN 5511-031-039
Property Type Retail
Sub Type Storefront
Square Footage 5,330
Net Rentable (SqFt) 5,330
Cap Rate 4.31%
NOI $231,756
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Year Built 1950
Lot Size (SqFt) 4,956
Zoning C2-1VL-0
Parking Spaces 13 spaces
Parking per 1,000 SqFt 2.44
Sale Condition 1031 exchange

Retail | 4.31% CAP | 5,330 SqFt

Marketing description

Westmac Commercial Brokerage Company is pleased to present the opportunity to acquire 8300 W. 3rd Street in Los Angeles, CA. The property is a multi-tenant triple net (NNN) leased retail property located along highly trafficked 3rd Street, just west of Fairfax Avenue and next to world famous Grove shopping center and Farmers Market.

8300 W. 3rd Street was built in 1950 and recently renovated. The property is approximately 5,330 rentable square feet of storefront retail building situated on approximately 4,956 square feet of land. It is located in the highly affluent and densely populated West Hollywood surrounds neighborhood.

Located in the heart of Beverly Grove, 8300 W. 3rd Street occupies a premier position within one of Los Angeles’ most sought-after retail and lifestyle corridors. This vibrant micro-market serves as a critical bridge between the luxury of Beverly Hills and the creative energy of West Hollywood. The area is defined by its high-density, affluent population and a sophisticated street-scene that draws a steady stream of local tastemakers and international tourists alike.

The subject property benefits from exceptional foot traffic and visibility, situated along a curated stretch of West 3rd Street famous for its “village” feel. This pedestrian-friendly district is anchored by iconic destinations such as The Grove and The Original Farmers Market to the east, and the Beverly Center to the west. Neighboring tenants include a high-end mix of independent boutiques, flagship retail, and “see-and-be-seen” culinary staples like Joan’s on Third and Magnolia Bakery, ensuring a constant “all-day” consumer presence.

With a Walk Score of 95+, the location offers unparalleled accessibility and connectivity. The surrounding demographics are highly favorable, characterized by high disposable incomes and a strong concentration of professionals in the entertainment, fashion, and technology sectors. This rare opportunity allows a brand or investor to capitalize on a signalized corner in a supply-constrained market, providing long-term value in one of the city’s most resilient commercial hubs.

Investment highlights

  • Multi-Tenant NNN Investment Opportunity – Low management property, highly maintained asset, and guaranteed lease.
  • Excellent 1031 Exchange Up-Leg Property – Remaining Lease terms, annual 3% increases, and options to extend lease terms.
  • Passive NNN Lease – The Tenant is financially responsible for Taxes, Utilities, Insurance and CAM charges relating to the property.
  • Excellent Building Condition – The building was recently renovated.

Listing Contacts

WA
CA 01403020
WESTMAC
Listed by WESTMAC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$231,756.00
$19,313.00/mo

Valuation Metrics

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DSCR
4.68%
Cap Rate
4.68%
ROI

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