RETAIL/OFFICE INVESTMENT OR OWNER/USER BUILDING FOR SALE IN WEST LOS ANGELES

OFFERING PRICE: $8,250,000.00

PRICE PER SQUARE FOOT: $566 per assessor | $411 per rent roll

BUILDING SQUARE FOOTAGE: 14,577 per assessor | 20,057 per rent roll

LAND SQUARE FOOTAGE: 12,580

YEAR BUILT: 1995

APN: 4261-012-041

NUMBER OF STORIES: Three (3)

ZONING: LAC21VL; TOC Tier 2

PARKING: 38 parking spaces

Situated in the heart of West Los Angeles, the subject property for sale is a commercial building with three stories of retail and office space, and one level of subterranean parking. Located at the signalized corner of Santa Monica Boulevard and Butler Avenue, in an affluent neighborhood with daily high traffic counts, in close proximity to the 10 and the 405 freeways.

The subject was built in 1995, is well maintained, and has approximately 20,057 rentable square feet situated on a 12,580 square foot lot, zoned for commercial use. The subject is an attractive option for the discerning buyer and is optimal for investment or owner/user purposes. The current vacancy would allow a prospective investor the opportunity to occupy a portion of the building, and/or maximize the building’s rental income from the vacant units.

11500 Santa Monica Boulevard is walking distance to numerous amenities including restaurants, cafes, banks and a mix of retailers. Neighbors include UCLA, Cedars-Sinai, St. John’s Medical Center, The Getty Center, Starbucks, Bank of America, The Landmark Theatre, and many more. Over 34,000 vehicles pass this site on any given day. In addition, the property, has wraparound frontage, for maximum exposure and visibility from all sides. The units offer high ceilings and an airy atmosphere, creating the flexibility of housing small and large tenants in a comfortable setting. Ample parking is provided in the subterranean parking lot for customers and employees alike.