8568 W 3rd St.

Location Overview

APN: 4334-009-026

ZONING: LAC2

PARKING: 9 Spaces

YEAR BUILT: 1957

STORIES: One Story

Property Highlights

Conroy Commercial Inc. is pleased to present the opportunity to purchase for the first time in over 40 years a Los Angeles landmark, an architectural building featuring an iconic A-frame, comprising 4,173 gross square feet of prime retail space on 6,502 square feet of land, with 130 line feet of frontage. This convenient 3rd street location is directly across the street from Cedars Sinai hospital, which staffs 10,000 employees and 2,000 physicians. Retail property for sale

For an Owner-User: The lease on Nonna’s ends in February 2020, and there is a possibility to deliver the larger restaurant space vacant as well. Both restaurants have beautiful patios, and the larger restaurant has a liquor license.

For an Investor: Market rents with annual escalations and a higher cap rate than most nearby properties.

Trophy Asset: This is a blue-chip property that can be parked in a portfolio for generations.

Foot Traffic: Proximity to Cedars makes this one of the most highly trafficked sites in Los Angeles.

Great Value: At under $2,000/SF the asking price is lower than the recent sales comparable nearby, which sold north of $3,000/SF. Retail solutions, retail design.

Great Location: Signalized corner of 3rd St & Shenandoah; upscale section of 3rd St between Robertson & La Cienega, borders Los Angeles, Beverly Hills & West Hollywood