1107 N Western Ave
Value-Add East Hollywood Retail & Office Building with Month-to-Month Income
Marketing description
1107 North Western Avenue is a three-story brick building of approximately 8,280 square feet, set on a high-traffic stretch of East Hollywood's primary north-south commercial corridor. The ground floor is occupied by a long-standing neighborhood pharmacy and medical-supply tenant. Two creative office floors sit above, of which two suites are leased and two are vacant and ready for lease-up or owner occupancy.
All tenancy is month-to-month, giving a new owner full control of the rent roll from the first day of ownership. The building stands one block north of Santa Monica and Western, where more than 43,000 vehicles pass daily, and within a half mile of the Metro B Line at Hollywood and Western. It carries [Q]C4-2D-CPIO zoning with Tier 3 Transit Oriented Communities standing, ED 1 eligibility, and federal Opportunity Zone benefits.
Priced at $1,600,000, or roughly $193 per square foot, the offering pairs in-place income with a clear path to stabilization, an owner-user footprint, and the long-term tax advantages of an Opportunity Zone hold, all within one of the most actively redeveloping corridors in Los Angeles.
Investment highlights
- All five units lease month-to-month. A buyer steps in with immediate flexibility to lease up, reposition, or occupy, with no long-term encumbrances on the rent roll.
- A pharmacy anchor and two leased office suites produce current income, while two vacant floors and below-market rents carry the rent roll toward roughly $186,000 gross at stabilization.
- Two open office floors of ±2,760 SF each suit a creative, medical, or professional owner-user seeking to occupy and offset cost with ground-floor and adjacent-suite income.
- At ±$193 per square foot, the asset is offered at a fraction of the submarket's average sale price, with brick character that is difficult and costly to replicate.
- [Q]C4-2D-CPIO with TOC Tier 3, TOIA 2, ED 1 eligibility, and AB 2097 parking relief. The standing improvements already deliver ±2.84 FAR, above the by-right limit on the parcel.
- Located within a federal Opportunity Zone, the asset offers meaningful tax advantages for investors deferring or reinvesting capital gains over a long-term hold.
- Two blocks from the $450M Echelon Studios campus delivering in 2026, and one block from the newly completed 735-unit, Whole Foods-anchored community at Sunset & Western.
- More than 43,000 vehicles daily at Santa Monica & Western, a half mile to the Metro B Line, and minutes from Netflix, Children's Hospital LA, and Kaiser Permanente.
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