612 La Brea Ave Los Angeles, CA 90036-3584
- Warehouses
- 6,300 SF
- 0.14 lot acres
Current Use by Public Records
- Mr. Charlie’s / Vegan Restaurant / Clothing Store
- Tovaken / Jewelry Store
- Noble House Antiques / Antique Furniture Store
- Swing Paints / Paint Store
Property Details for 612 La Brea Ave
- Year built
- 1947
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.14 lot acres
- Property size
- 6,300 SF
- Zone code
- LAC2
- Property type
- Warehouses
- APN
- 5507-023-025
- APU
- 5507023025
Description
This exceptional 7,700-square-foot retail space is ideally situated on La Brea Avenue in Los Angeles's coveted Miracle Mile district, between Hancock Park and Museum Row. The single-tenant property boasts a unique character with a beautiful bow truss ceiling, polished concrete floors, and concrete walls, echoing the charm of older Los Angeles architecture. The layout features a spacious 6,300-square-foot ground floor and an additional 1,400 square feet spread across three mezzanine areas in the rear, accessible via a roll-up door leading to the alley. Built in 1947 and renovated in 1963, this Class C property sits on a 6,302-square-foot lot and is zoned LAC2. The property is currently vacant and offers significant potential for a variety of retail uses, including storefront, restaurant, showroom, or other similar businesses. Its prime location benefits from proximity to major landmarks such as the La Brea Tar Pits, the Farmers Market, The Grove, and numerous museums. Furthermore, the area is experiencing substantial growth, with new developments underway including a Wilshire-La Brea Metro Station and a mixed-use project directly across the street featuring a hotel, luxury apartments, and ground-floor retail space. The surrounding area is characterized by high-income residents and high property values, creating a strong demographic profile for retail businesses. This presents a rare opportunity to establish a business in a thriving and highly desirable location within the heart of Los Angeles. The property has no on-site parking.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,585,000
- 6.5%
- $1,460,000
- 7%
- $1,360,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,760,000 Current use
- COMMERCIAL (GENERAL)
- $1,885,000 Change: +7% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.344
- Latitude
- 34.0645
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
