1718 Vine StLos Angeles, CA 90028
- Retail properties
- 5,566 SF
Property Details for 1718 Vine St
- Year built
- 1941
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.28 AC
- Property size (Sq ft)
- 5,566 SF
- Zone code
- LAC4
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 5546-030-027
- APU
- 5546030027
Description
This exceptional 12,197 square foot, two-story retail property at 1718 Vine Street in Los Angeles, CA 90028, is offered for sale at $5,750,000 ($471.43/sq ft). Built in 1941 and renovated in 2010, this single-tenancy building boasts 100% occupancy and sits on a 0.28-acre lot (APN 5546-030-027). The property features a fully functional kitchen, ample power, and a desirable outdoor courtyard. Its C4-4 zoning allows for diverse redevelopment opportunities. Located in a high-traffic area with 80 feet of frontage on Vine Street (27,563 vehicles per day) and visibility from Hollywood Boulevard (38,414 vehicles per day), this property presents significant potential for additional revenue streams, such as exterior signage. Previously used as a restaurant and bar, this property offers a blank canvas for a new owner-user or investor seeking a generational entertainment space in a trophy location within a popular retail corridor and dense, affluent trade area. The property is currently occupied but can be offered vacant. This is a rare opportunity to acquire a valuable asset in one of Los Angeles's most sought-after entertainment districts.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,413,346
- 6.5%
- $2,227,704
- 7%
- $2,068,582
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,667,245
- Geo Method
- $2,667,245
-
Alternative Use
- Use
- Valuation
- Residential
- $1,879,152
- Hospitality
- $1,721,293
- Educational
- $1,432,095
- Medical
- $1,481,347
- Retail
- $2,227,704
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.1023
- Longitude
- -118.326
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.