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516 La Brea Ave Los Angeles, CA 90036-2016

OFF-MARKET Retail space Google Maps
4,100 SF 0.1 ac lot Built 1937
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$2.12M
Range $1.90M – $2.33M (±10%)
Property ID US09-7268172

Property summary

AI-generated overview

This exceptional 5,200 square foot single-tenant property boasts a prime location at 516 N. La Brea Avenue, nestled between the vibrant neighborhoods of West Hollywood and Hollywood. The space features a stunning ground floor showroom with high ceilings, previously showcased in Architectural Digest and the Los Angeles Times. Ideal for a creative office or retail business, the property has recently undergone updates. The second floor offers office and storage space with operable windows, providing ample natural light and ventilation. A unique feature is a converted 4-5 car garage, now adaptable for retail or storage use. This location benefits from exceptional visibility and high foot traffic on La Brea Avenue, just a short 1.5-block stroll from the amenity-rich Melrose Avenue. The surrounding area is densely populated with an affluent demographic. Convenience is key, with numerous restaurants and retail options within walking distance. The property's Walk Score of 92 out of 100 confirms its pedestrian-friendly environment, making it a "Walker's Paradise." This property presents a rare opportunity to secure a highly desirable and well-appointed space in a thriving Los Angeles location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1937
Construction WOOD
Total area 4,100 SF
Lot 0.1 ac (4,199 SF)
Zoning code LAC4
APN 5525-020-008
UPID US09-7268172

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Candy Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.47M
Comparable Approach Comparable
$2.80M
Blend (final) Blend
$2.12M

Owner & transaction history

since 2026
Last sale
$2.1M
5 recorded transactions
2026
$2.1M
2026
Price N/A
2018
$3.1M
2003
Price N/A
1994
$370,000

Zoning & alternative use

LAC4 · Los Angeles, CA
Top alternative use upside
Auto repair, garage $2.2M +32.4%
Office building $2.1M +22.2%
Medical building $1.9M +11.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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