1724 Highland AveLos Angeles, CA 90028

Property Details for 1724 Highland Ave

Year built

2009

Construction

WOOD

Lot size

2.11 AC

Property size (Sq ft)

306,924 SF

Zone code

LAC4

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

5547-011-035

APU

5547011035

Description

This exceptional restaurant space, located at 1724 Highland Avenue in Los Angeles, California, 90028, offers a unique opportunity for a discerning tenant. Boasting a generous 2,617 square feet, this corner unit provides incredible visibility and boasts stunning views overlooking the Lowes Hotel and Ovation, with the Hollywood Bowl just steps away. The property is classified as a retail space within a multi-tenant building in Los Angeles County. One space is currently available for lease. A significant tenant improvement allowance is available to the successful applicant, making this an attractive proposition for those seeking to establish or expand their business. Ample parking is a key feature, with free on-site customer parking available with validation. Furthermore, dedicated space is provided for delivery couriers, ensuring smooth and efficient operations. This prime location in a vibrant area offers unparalleled exposure and convenience, making it an ideal setting for a thriving restaurant venture. The property's address is 1724 Highland Ave, Los Angeles, CA 90028.

• CAP approach

  CAP return

  Valuation

  6%

  $112,256,512

  6.5%

  $103,621,392

  7%

  $96,219,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $90,465,232

  Geo Method

  $90,465,232

• Alternative Use

  Use

  Valuation

  Residential

  $103,621,392

  Hospitality

  $94,916,640

  Educational

  $78,969,528

  Medical

  $81,685,416

  Retail

  $122,841,488

Location Insight

City

Hollywood

County

Los Angeles

State

California

Latitude

34.1027

Longitude

-118.338

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.