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31392718
31392719

1107 N Western Ave, Los Angeles, CA 90029

IM
CA 01978006
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$4,400,000
71 days on market
Updated 71 days ago
Opportunity zone

1107–1117 N Western Ave, Los Angeles, CA 90029

Details
APN 5536-011-003
Property Type Retail
Sub Type Restaurant, Shopping Center (+1)
Square Footage 15,280
Net Rentable (SqFt) 15,280
Units 9
Cap Rate 8.44%
NOI $371,412
Occupancy 82%
Tenancy Multi
Lease Type Modified
Price per SqFt $288
Year Built 1928
Lot Size (SqFt) 18,000
Zoning LAC4
Investment Type Value Add

Flexible Value-Add Opportunity in Prime East Hollywood Location

Marketing description

1107–1117 N Western Avenue offers a rare opportunity to acquire a well-located retail and office asset in the heart of East Hollywood, where underlying fundamentals and long-term trajectory are clearly aligned. Positioned just north of Santa Monica Boulevard on a prominent double parcel, the property benefits from strong street presence, consistent traffic, and immediate access to major employment and transit nodes, placing it within one of Los Angeles’ most actively evolving corridors. The asset is defined by its flexibility. A mix of retail and office space, supported by on-site parking and largely short-term tenancy, allows for a measured approach to repositioning—whether through lease-up, refinement of the tenant mix, or a broader reimagining of the site over time. There is a clear path to value creation. In-place rents sit below market, while the surrounding neighborhood continues to see meaningful institutional investment and development, reinforcing both near-term leasing potential and long-term land value.

Investment highlights

  • Prominent East Hollywood Positioning – Strong visibility just north of Santa Monica Blvd in one of LA’s most active and evolving corridors
  • Rare Double-Parcel Offering – Two contiguous parcels providing scale and a more strategic footprint than typically available
  • Flexible Retail & Office Mix – Street-front retail and creative office allow for multiple paths to income growth and repositioning
  • Short-Term Tenancy – Predominantly month-to-month leases provide immediate control to mark rents and reshape the asset
  • Long-Term Upside – Positioned within a corridor seeing sustained development, supporting both leasing momentum and future value growth

Listing Contacts

IM
CA 01978006
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$371,412.00
$30,951.00/mo

Valuation Metrics

0
DSCR
8.44%
Cap Rate
8.44%
ROI

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