See Home Value
$6,758,556*
Commercial - Off Market

8620 W 3rd St

Los Angeles, CA 90048
bedrooms
Studio
bathrooms
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
2 Beds
3.5 Baths
2,835 ft²
$1,975/ft²
$5,600,000 Jan 30, 2023
-
$7,807/mo
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
More about this Building
8620 West 3rd Street
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About Central LA


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