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33592268
33592269

331 North Larchmont Boulevard, Los Angeles, CA 90004

PB
CA CA 01476686
Lee & Associates - Los Angeles - West
Listed by Lee & Associates - Los Angeles - West
$3,100,000
3 days on market
Updated 3 days ago

331 North Larchmont Boulevard

Details
Property Type Retail, Office (+1)
Sub Type Creative Office
Square Footage 2,784
Net Rentable (SqFt) 2,784
Units 7
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Expiration 02/28/2027
Remaining Term 0.7
Rent Bumps No
Class B
Year Built 1930
Year Renovated 1995
Buildings 1
Zoning [Q]C2-1VL
Parking Spaces 7 spaces
Parking Per SqFt 2.51
Investment Type Owner/User
Tenant Credit No Credit Rating
Ground Lease No

For Sale - Boutique Owner-User/Investment at 331 N. Larchmont Blvd

Investment highlights

331 N Larchmont Boulevard presents a rare opportunity to acquire a boutique commercial property in the heart of one of Los Angeles’ most iconic and tightly held retail corridors. Located directly on prestigious Larchmont Boulevard, the property is currently occupied by the well known Larchmont Sanctuary Spa and offers a compelling combination of existing income, owner-user functionality, and long-term redevelopment potential.

The property consists of approximately 2,784 square feet of improvements situated on a 6,250 square foot lot with valuable [Q]C2-1VL zoning and Tier 3 TOC incentives. Originally constructed in 1930 and thoughtfully remodeled in 1995, the building has been carefully configured as an experiential wellness environment featuring a reception area, central relaxation lounge, locker rooms, sauna, hot tub room, multiple massage and therapy suites, outdoor patio treatment areas, and auxiliary rear office, laundry, and storage space with alley access.

For owner-users, the property offers a highly unique opportunity to acquire a turnkey hospitality-style wellness, medical, creative office, or boutique retail environment in one of Los Angeles’ most desirable pedestrian-oriented neighborhoods. The existing layout, abundant natural character, and tranquil outdoor spaces create an atmosphere rarely found in urban commercial properties.

Listing Contacts

PB
CA CA 01476686
Lee & Associates - Los Angeles - West
Listed by Lee & Associates - Los Angeles - West

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Additional Information

Name
Paul Brehme
License
CA 01476686
Brokerage
Lee & Associates - Los Angeles West
Brokerage Phone
3108992755
Title
Principal
Brokerage Address
1508 17th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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