Retail Building with Rooftop
1109-1117 N Western Avenue Los Angeles, CA 90029
1109-1117 N Western Avenue, Los Angeles, CA, 90029
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For Sale
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Single-story, multi-tenant retail building with four leased storefronts and a double-sided rooftop Clear Channel billboard.
Property Size7,000 SF
Lot Size0.34 Acres
Price / SF$400
Days on Market30
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 Agency
Marcus & Millichap - Los Angeles
Listed by
Iman Mossanen · License #CA 01978006
Source
Crexi
Added: Jun 22 Updated: Jul 10 at 2:05 pm Checked: Jul 20 at 6:52 am
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
Investment Insights
Based on property information with market context.
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.
Key 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
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
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
