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    1403 3Rd St Los Angeles, CA 90017

    For Lease
    $18 SF/Yr

    Flexible Retail Space, West LA

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Discover a fantastic retail opportunity in Los Angeles' vibrant Westlake North submarket. This Class B building, located at 1403 W 3rd St, offers 3,000 square feet of vacant space, perfect for a single tenant. The property is situated in a high-traffic area, minutes west of Downtown Los Angeles, and benefits from excellent foot traffic. The space is adaptable to various uses, including medical office, creative office, or traditional office spaces, as well as retail concepts such as a bar, sports bar, nightclub, liquor store, restaurant, cigar shop, or tobacco retailer. The building itself is a three-story structure with one building in total. The zoning is C2. Previous tenants included a bar, and some equipment may remain. This location offers easy access to shops and transportation, making it an ideal spot for a thriving business. The available space is flexible, ranging from 1,000 to 3,000 square feet. This property presents a unique chance to establish a presence in a dynamic and well-connected area of Los Angeles. The cross street is Lucas.

    Property Features for 1403 3Rd St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    3,000 SF
    Rate per SF
    $30

    HighLights

    • 3,000 SF of vacant retail space available in Los Angeles' Westlake North submarket.
    • Located at 1403 W 3rd St, Los Angeles, at the cross street of Lucas.
    • Class B building in a high‑traffic area with excellent foot traffic, minutes from Downtown LA.
    • Adaptable space suitable for various uses, including retail, medical, or creative office.
    • C2 zoning.
    • Flexible space ranging from 1,000 to 3,000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Los Angeles Quartet Band

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.26185556672
    Latitude
    34.058438259851

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    FAQs

    What type of property is this?
    Restaurant - Flexible Retail Space, West LA
    Where is this restaurant located?
    The property is located at 1403 3Rd St Los Angeles, CA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 3,000 SF of vacant retail space available in Los Angeles' Westlake North submarket.; Located at 1403 W 3rd St, Los Angeles, at the cross street of Lucas.; Class B building in a high-traffic area with excellent foot traffic, minutes from Downtown LA.
    Request Owner's contact information
    1403 3Rd St Los Angeles, CA 90017
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    Los Angeles, CA 90017
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1403 3Rd St Los Angeles, CA 90017
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