Freestanding Mixed-Use
New
For Sale
$3,300,000
1714 Hillhurst Ave, Los Angeles, CA 90027
Two open levels, gated parking, and a private patio support a range of commercial configurations.
Property Size4,640 SF
Lot Size0.17 Acres
Price / SF$711.21
Days on Market6
Property Features for 1714 Hillhurst Ave
General Information
Standard status
Active
Size
4,640 SF
Total Parking Spaces
13
Lot size
0.17 Acres
Property subtype
Mixed-Use
Site & Location
Traffic Count
24,000 vehicles/day
Public Transit
Yes
Amenities
restrooms
kitchen area
laundry
private patio
A Rare Los Feliz Address: Freestanding, delivered vacant, with 13 gated spaces and dedicated Hillhurst signage.
Positioned at the Heart of the Village: Surrounded by acclaimed dining, neighborhood retail, Metro access and major medical campuses.
Designed for Flexibility: Built for Longevity. Two open floors, abundant natural light and adaptable commercial space for a range of uses.
Building Details
Building Size
4,640 SF
Year Built
1985
Buildings
1
Stories
2
Listed By:
Iman Mossanen · License #License(s): CA: 01978006
(310) 909-5422
Source:
Marcusmillichap
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 3:04PM
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 Iman Mossanen
Investment Insights
Based on property information with market context.
This freestanding, two-story mixed-use property contains approximately 4,640 square feet on a 7,452-square-foot lot and is delivered vacant. Its two open floors are linked by a skylit stair and feature exposed wood ceilings, natural light, four restrooms, a kitchen area, laundry, and a private patio. The site includes 13 gated parking spaces and dedicated signage on Hillhurst Avenue.
The property is in Los Feliz Village, just north of Prospect Avenue. The Vermont/Sunset Metro station and three major hospitals are within walking distance. Hillhurst carries approximately 24,000 vehicles per day, and the surrounding one-mile area has more than 33,000 daytime employees. The property was built in 1985 and has flexible commercial zoning.
The property is in Los Feliz Village, just north of Prospect Avenue. The Vermont/Sunset Metro station and three major hospitals are within walking distance. Hillhurst carries approximately 24,000 vehicles per day, and the surrounding one-mile area has more than 33,000 daytime employees. The property was built in 1985 and has flexible commercial zoning.
Key Highlights
- Approximately 4,640 square feet on a 7,452‑square‑foot lot
- Two‑story building with two open floors and a skylit connecting stair
- 13 gated parking spaces and dedicated Hillhurst Avenue signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,136
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,202,720
$2.2M
Cap Rate 7%
$1,573,371
$1.6M
Cap Rate 9%
$1,223,733
$1.2M
Market Conditions
NOI Build-Up for 4,640 SF
Gross rent
$180.4K $38.88/SF
− Vacancy
−$33.6K −$7.23/SF
EGI
$146.8K $31.65/SF
− OpEx
−$36.7K −$7.91/SF
NOI
$110.1K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,202,720
Cap Rate 7%
$1,573,371
Cap Rate 9%
$1,223,733
Alternative Uses
Best Use
Office B
$1.57M
$1.38M – $1.84M
NOI $110,136 @ 7.0% cap · market cap 3.34%
Second Best
Mixed Use
$1.34M
$1.17M – $1.57M
NOI $93,960 @ 7.0% cap · market cap 2.85%
Theoretical Best
Multifamily LT 5
$94.00M
$82.25M – $109.67M
NOI $6,580,253 @ 7.0% cap · market cap 199.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
5,971
Businesses Nearby
Explore this area
Business Placement
Demographics for 90027, CA
44,471
Population
24,267
Households
1.8
Avg Household Size
39
Median Age
58%
College-Educated
92%
High-School Grad
8.1 sq mi
ZIP Area
5,490
Density / Sq Mi
$90,532
Median Household Income
$53,526
Median Earnings
$1,904
Median Rent
$1,747,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two open levels, gated parking, and a private patio support a range of commercial configurations.
Where is this mixed-use property located?
The property is located at 1714 Hillhurst Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Approximately 4,640 square feet on a 7,452‑square‑foot lot; Two‑story building with two open floors and a skylit connecting stair; 13 gated parking spaces and dedicated Hillhurst Avenue signage
