$6,758,556*
●
Commercial -
Off Market
8620 W 3rd St
Los Angeles, CA 90048
Studio
0 Bath
$5,850,000 - $7,150,000
Reference Base Price*
3.98%
Since Apr 1, 2023
CA-Los Angeles
Primary Model
About This Property
We are proud to present for sale a commercial retail property in
the middle of it all! Located across the street from Cedars
Sinai and half a block away from the Beverly Center, this
two-building property takes up the southeast corner at 3rd Street
and Willaman Drive. Currently with three vacant units, the
property offers an Owner-User the possibility of taking occupancy
over 100% of the property. With 5,101 square feet of usable
space, the property used to provide housing and still features
bathrooms with showers and kitchens, though in need of work.
There are 9 parking spaces on site - rare for this area.
A 2011 Los Angeles Housing Department decision letter
approved the whole property as exempt from the Residential
Stabilization Ordinance. Commercially zoned with a C2-1VL,
TOC Tier 2 designation, the corner lot offers desirable
redevelopment potential, including the possibility to convert the
existing property to Medical Use. The lot is subject to the
Los Angeles Building Code but surrounded by Beverly Hills and West
Hollywood. Called a Walker's Paradise by Walk Score, just
down the road from the Robertson Shopping District, a hop and a
skip from the Beverly Center, the 3rd Street Shopping District and
much more, this area is highly desirable and sought after by
high-earning individuals.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 18, 2023 | No longer available | - | |
No longer available | |||
Dec 15, 2022 | Listed | $6,500,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Condo
2
Beds
3.5
Baths
2,835 ft²
$1,975/ft²
$5,600,000
Jan 30, 2023
-
$7,807/mo
Active
House
5
Beds
2.5
Baths
4,836 ft²
$1,132/ft²
$5,475,000
Feb 16, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
8620 West 3rd Street
8620 West 3rd Street, Los Angeles, CA 90048
- 1 Unit for Sale
About Central LA
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