Retail Property on High-Traffic
For Sale
$8,000,000
467 South La Brea Avenue, Los Angeles, CA 90036
Multi-unit retail property in a rapidly developing area.
Property Size9,966 SF
Lot Size0.22 Acres
Price / SF$802.73
Days on Market184
Property Features for 467 South La Brea Avenue
General Information
Standard status
Active
Size
9,966 SF
Lot size
0.22 Acres
Property subtype
Retail
Properties For Sale
at 467 South La Brea Avenue Contact us457 S La Brea Ave Available
Size
4,716 SF
Type
Retail
463-467 S La Brea Ave Available
Size
5,250 SF
Type
Retail
Listing Agency:
CBRE - West LA
Listed By:
Ryan Gurman · License #01972081
(310) 650-7545
Source:
Cbre
Added: Apr 15
Changed: Oct 7
Last Checked: Oct 14 at 8:42PM
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 CBRE - West LA
Investment Insights
Based on property information with market context.
This multi-unit retail property anchors the high-traffic corner of 6th & La Brea. The property is centrally located between West Hollywood, Hollywood, The Fairfax District, Miracle Mile, and Koreatown. This area is rapidly developing into a key live-work-entertainment destination. The location benefits from a growing amount of new mixed-use office and retail projects that continue to enhance the area. The property at 457 S La Brea has +/- 4,716 SF, and the property at 467 S La Brea has +/- 5,250 SF. The total building square footage is +/- 9,966 SF on a land area of +/- 9,500 SF. This is a value-add opportunity for any buyer that wants to invest in an already established area with continued growth potential.
Key Highlights
- High‑traffic corner location at 6th & La Brea.
- Large building size: +/- 9,966 SF on +/- 9,500 SF of land.
- Rare opportunity: Only the 2nd time on the market in nearly 50 years.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,283
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,625,660
$4.6M
Cap Rate 7%
$3,304,043
$3.3M
Cap Rate 9%
$2,569,811
$2.6M
Market Conditions
NOI Build-Up for 9,966 SF
Gross rent
$368.3K $36.96/SF
− Vacancy
−$37.9K −$3.81/SF
EGI
$330.4K $33.15/SF
− OpEx
−$99.1K −$9.95/SF
NOI
$231.3K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,625,660
Cap Rate 7%
$3,304,043
Cap Rate 9%
$2,569,811
Alternative Uses
Best Use
Retail
$3.30M
$2.89M – $3.85M
NOI $231,283 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$201.91M
$176.67M – $235.56M
NOI $14,133,362 @ 7.0% cap · market cap 176.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 90036, CA
39,549
Population
21,890
Households
1.8
Avg Household Size
36
Median Age
68%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
15,820
Density / Sq Mi
$102,877
Median Household Income
$66,385
Median Earnings
$2,730
Median Rent
$1,958,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-unit retail property in a rapidly developing area.
Where is this retail space located?
The property is located at 467 South La Brea Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: High‑traffic corner location at 6th & La Brea.; Large building size: +/- 9,966 SF on +/- 9,500 SF of land.; Rare opportunity: Only the 2nd time on the market in nearly 50 years.
