Retail Building with Rooftop
1109-1117 N Western Avenue, Los Angeles, CA 90029
New
Single-story, multi-tenant retail building with four leased storefronts and a double-sided rooftop Clear Channel billboard.
Type:Retail
Property size:
7,000 SFLot size:
0.34 AcresPrice / SF:
$400/SF- Added:
- Jun 22, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 25 at 8:08 pm
Property Features for 1109-1117 N Western Avenue
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.34 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1928
Listing office Marcus & Millichap - Los Angeles
Listing date Jun 22, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
HighLights
- Single‑story, multi‑tenant retail building built in 1928 with approximately 7,000 SF on 15,000 SF of C4 commercial land
- Four ground‑floor retail units are fully occupied and leased on a month‑to‑month basis
- Includes a double‑sided rooftop Clear Channel billboard generating passive income
- In‑place contract rents range roughly from $10 to $30 per SF, with block retail rents cited at $42.87 per SF (CoStar)
- Land sits within C4 zoning and TOC Tier 3, a federal Opportunity Zone, AB 2097, ED 1 eligibility, and the Hollywood CPIO
- Located two blocks from the $450 million Echelon Studios campus and within walking distance of the 735‑unit Sunset & Western development anchored by a 60,000‑SF Whole Foods
Overview
1109–1117 N Western Avenue is a single-story, multi-tenant retail building totaling approximately 7,000 square feet on 15,000 square feet of C4 commercial land. The property includes four ground-floor retail units that are currently leased on a month-to-month basis. In addition, a double-sided rooftop Clear Channel billboard provides separate income.
The asset is offered on a standalone basis for sale. Public remarks indicate the site benefits from a layered entitlement profile including TOC Tier 3, a federal Opportunity Zone, AB 2097, ED 1 eligibility, and the Hollywood CPIO. The building is located in East Hollywood along a corridor undergoing redevelopment, including proximity described to the under-construction Echelon Studios campus and the nearby Sunset & Western development anchored by a Whole Foods.
For tenants and buyers, the property offers an immediately income-producing setup with the building described as fully occupied. The month-to-month leasing structure is designed to provide operational flexibility, allowing a buyer to retain current tenants while maintaining control over future rent strategy. The remarks also emphasize that there are no long-term lease commitments in place, which may be relevant to an operator considering retail tenanting changes or repositioning of the ground-floor space.
The asset is offered on a standalone basis for sale. Public remarks indicate the site benefits from a layered entitlement profile including TOC Tier 3, a federal Opportunity Zone, AB 2097, ED 1 eligibility, and the Hollywood CPIO. The building is located in East Hollywood along a corridor undergoing redevelopment, including proximity described to the under-construction Echelon Studios campus and the nearby Sunset & Western development anchored by a Whole Foods.
For tenants and buyers, the property offers an immediately income-producing setup with the building described as fully occupied. The month-to-month leasing structure is designed to provide operational flexibility, allowing a buyer to retain current tenants while maintaining control over future rent strategy. The remarks also emphasize that there are no long-term lease commitments in place, which may be relevant to an operator considering retail tenanting changes or repositioning of the ground-floor space.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $258.7k | $36.96 |
| − Vacancy | −$26.6k | −$3.81 |
| EGI | $232.1k | $33.15 |
| − OpEx | −$69.6k | −$9.95 |
| NOI | $162.5k | $23.21 |
7,000 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.71M
NOI $162,450 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$141.82M
$124.09M – $165.45M
NOI $9,927,106 @ 7.0% cap · market cap 354.54%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.30926
- Latitude
- 34.05043
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Single-story, multi-tenant retail building with four leased storefronts and a double-sided rooftop Clear Channel billboard.
Where is this retail space located?
The property is located at 1109-1117 N Western Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Single‑story, multi‑tenant retail building built in 1928 with approximately 7,000 SF on 15,000 SF of C4 commercial land; Four ground‑floor retail units are fully occupied and leased on a month‑to‑month basis; Includes a double‑sided rooftop Clear Channel billboard generating passive income
