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Commercial Real Estate

Just Listed | 11699 San Vicente Boulevard | Brentwood Gas Station | Business & Real Estate


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WESTMAC Commercial Brokerage Company and Petroleum Realty Group are pleased to present the rare opportunity to purchase 11699 San Vicente Boulevard, a service station situated on a triangular lot at the northeast corner of San Vicente Boulevard and Barrington Avenue in Brentwood Village. The offering includes the service station, business currently operating as Conserv Fuel, along with the real estate.

11699 San Vicente Boulevard is comprised of twelve (12) fuel hoses under two (2) canopies and a ± 99 square foot payment booth and limited item C-Store, which are situated on 0.16 AC of land (± 7,098 SF per parcel map), zoned LAC1.5-1VL with a CUP for gas station use.

The owner of the subject property currently operates the fuel facility. The station has two (2) 20,000 gallon double walled fiberglass tanks that were installed in 2006. The tanks are split to carry four products, diesel, E-85, 91 and 87.

11699 San Vicente Boulevard is a rare opportunity to purchase a very profitable gas business at an easily accessible bustling 3-way intersection, with an additional opportunity to expand and add large C-Store on the site. The property comes with a clean phase one with attached “No Further Action” letters, allowing for potential future development opportunity on the land. The zoning allows for other uses including multifamily, retail and office (buyer to verify), all of which are in significant demand in this location.

See Offering Memorandum Here

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Commercial Real Estate

Just Listed: 2823 2nd St., Santa Monica, CA 90405 | Multifamily | 12 Units in Santa Monica | $363K/Unit


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WESTMAC Commercial Brokerage Company, as exclusive agent, is pleased to present the sale of 2823 2nd Street in Santa Monica, a 12-unit apartment building on the NEC of 2nd Street and Ashland Avenue, blocks from the Pacific Ocean, in the Ocean Park neighborhood of Santa Monica.

The building is approximately 7,407 square feet situated on approximately 13,063 square feet of land. It is comprised of twelve (12) units: eleven (11) one bed + one bath apartments and one (1) studio apartment (buyer to verify). The building is subject to City of Santa Monica rent control. Currently, two (2) out of twelve (12) units have been deliberately left vacant. There are nine (9) small garages on the property that are used by tenants as storage.

2823 2nd Street is located in Santa Monica’s Ocean Park neighborhood, one block east of Main Street, and approximately 3 blocks east of the beach. Santa Monica’s Ocean Park neighborhood offers picture perfect sunsets and world class shopping, dining and entertainment all a short walk from the subject property. The property is situated approximately 1.1 miles south of the I-10 Freeway, Downtown Santa Monica’s Light Rail Station, and Downtown Santa Monica’s unparalleled amenity base.

Historically low vacancy rates make Santa Monica one of the most stable rental markets. 2823 2nd Street is a rare opportunity for investors looking to purchase commercial real estate in one of the most coveted markets in the world.

View property brochure here.

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Commercial Real Estate, CRE News

New Listing: For Sale – Santa Monica – Small Leased Investment


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3221 Pico Boulevard, a highly visible single-story commercial retail space located in one of Los Angeles’s most exciting neighborhoods for food, culture and entertainment – Santa Monica. In a market with very high demand and very few opportunities, this is a rare opportunity to own in prime Santa Monica.

The subject property is nestled along the heavily-traveled Pico Boulevard, surrounded by an amenity rich area walking distance from its doors, and encircled by a dense affluent residential population. It is currently leased to a restaurant tenant The property is near the 10 and 405 Freeways, giving travelers easy access to all parts of the City, including Santa Monica’s most famous attractions: the beach, pier, and world-class shopping & entertainment.

The property is strategically located in an excellent Santa Monica location bordering West Los Angeles. Westwood, Brentwood, Mar Vista, Venice and Pacific Palisades are adjoining neighbors, while walkable amenities include Trader Joe’s, Whole Foods Market 365, UnUrban Coffee House, Chase Bank, Rejuice, Crossfit Reflex, The Upper West, Valentino, and many more.

Download Property brochure here: 3221 Pico Blvd – OM

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Commercial Real Estate, CRE News

New Listing For Sale in West LA | Multi-Tenant Retail & Office Building


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10507 W. Pico Boulevard is a recently renovated office/retail building comprised of approximately 5,772-rentable-square feet on approximately 4,633-square feet of land located one block West of Beverly Glen Boulevard in West Los Angeles.

The property is made up of 3 units: a retail unit currently leased to an optometrist (vacating on 4/30/2020) , a vacant retail unit previously leased to a restaurant, and a recently renovated, vacant second floor office unit which features a mezzanine level. The building recently underwent major capital improvements including new skylights, new balconies, and a new roof. There is a rear parking lot with room for approximately 5-7 cars, and ample of parking along the street and surrounding neighborhoods.

Built in 1981, the property offers tenants excellent visibility along Pico Boulevard, a major Los Angeles street that runs from the Pacific Ocean in Santa Monica to Central Avenue in Downtown Los Angeles. 10507 W. Pico Boulevard is close proximity to major amenities including shopping, dining, and entertainment, in addition to accessible transportation, and major area employers that includes Google’s future Silicon Beach headquarters at the former Westside Pavilion, UCLA in Westwood, and Fox Studios.

Click here to download property brochure: 10507 W Pico Blvd (v2)

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Commercial Real Estate, CRE News

For Sale or Lease | Rare Retail Center along San Vicente Blvd (Mid-Wilshire/Miracle Mile)


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5517 San Vicente Boulevard is a highly visible shopping center made up of an approximate 3,990-square foot building on approximately 9,553-square feet of land. The property includes a parking lot, available signage, and billboards.

Existing tenants are on month-to-month leases. Two income producing billboards on property.

5517 San Vicente Boulevard is located at the signalized corner of San Vicente Boulevard and Hauser Boulevard in Mid Wilshire. Manicured homes and multifamily units make up the quiet residential neighborhood that surrounds the immediate vicinity.

5517 San Vicente Boulevard is located blocks from Wilshire Boulevard in Miracle Mile, where the Petersen Automotive Museum and Los Angeles County Museum of Art (LACMA) draw hundreds of visitors a day.

Visit property website for more info and to download property brochure here.

Commercial Real Estate

New Listing for Sale – 2245-2251 Westwood Blvd in Los Angeles, CA


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WESTMAC Commercial Brokerage Company, as exclusive agents, are pleased to present for sale, 2245-2251 Westwood Boulevard in West Los Angeles. 2245-2251 Westwood Boulevard is situated on one parcel, and is comprised of one single-story retail building, and one two-story mixed-use building.

The retail building, which has 40’ of frontage on Westwood Boulevard, is approximately 1,800 square feet, is currently subdivided into two spaces, but occupied by a single tenant. The mixed-use building is set behind the retail building, separated by 5 tandem parking spaces (10 total).

The mixed-use building is comprised of four units totaling approximately 2,600 square feet. The bottom floor of the building is approximately 1,400 square feet and will be delivered leased (lease pending). The top floor of the building is divided into two residential units (each 1 bedroom, 1 bath) of about 600 square feet each, separated by a main stairway. They are occupied by one long term tenant and one new tenant (lease pending).

The parcel is zoned LAC4 and a TOC (Transit Oriented Communities) Tier 3 which allows for greater development potential for developers looking to build in a revitalizing area. They property is located one-quarter mile from One Westside, the site of a former shopping mall which is being converted into nearly 600,000 square feet of offices, which Google has pre-leased.

2245-2251 Westwood Boulevard offers buyers the opportunity to purchase
on Westwood Boulevard, a street best known for it’s ample retail amenities
within a densely populated part of West Los Angeles.

You can download the property brochure here: 2245-2251 Westwood Ave – OM

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Commercial Real Estate, CRE News

New Listing for Sale – 4047-4051 Lincoln Blvd in Marina Del Rey, CA


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One block away from the heavily trafficked intersection of Washington Boulevard and Lincoln Boulevard, 4047-4051 Lincoln Boulevard is ± 9,467 square foot single story retail/ office (& flex) building on ± 11,280 square feet of land. The property is currently subdivided into four units, one of which is occupied. The property is zoned (Q)LAC4(OX)-2D-CDO, and has eleven (11) striped parking spaces.

Additionally, the underlying land has great future development potential given the zoning and proximity to transit.

The property is just minutes away from Venice and Playa Vista. 4047-4051 Lincoln Boulevard presents an excellent opportunity for investors, developers and owner-users to own in a centralized location of Silicon Beach.

You can download the property brochure here: 4047-4051 Lincoln Blvd – OM (v2)

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Commercial Real Estate

New Listing for Sale in Santa Monica – 4,000 SF Investment Opportunity


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WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 2028-2030 Montana Avenue in Santa Monica. 2028-2030 Montana Avenue is located in the upscale Montana Shopping District of Santa Monica. 2028-2030 Montana Avenue is situated on two parcels comprising of a single-tenant one-story commercial building approximately 4,000-square feet and a parking lot. The total land size is approximately 8,000-square feet. There are approximately eight (8) parking spaces in the parking lot. The property is zoned residential with a CUP which permits the use of the property as a market (no expiration date).

The tenant is a market called The Farms. The current lease expires November 4, 2028. The monthly triple net (NNN) rent is currently about $14,063 with CPI adjustments each July 1.

Located along Montana Avenue, 2028-2030 Montana Avenue is walking distance to an abundance of high-end retailers, restaurants, and businesses all of which are part of the popular shopping destination known as the “Montana Avenue Shopping District” in the affluent Wilshire Montana neighborhood. 2028-2030 Montana Avenue is also a short 4-block walk to Wilshire Boulevard and minutes from Santa Monica’s bustling tourism industry, including Santa Monica Beach, Santa Monica Pier and Third Street Promenade.

2028-2030 Montana Avenue offers buyers ease of management and stable cash flow along a highly coveted street in one of the most sought after markets in the world.

Download Full Property Brochure Here

Commercial Real Estate, CRE News

New Listing For Sale: Multi-Unit Commercial Building on Washington Blvd


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WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 11452-11456 W. Washington Boulevard (“11456 Washington Boulevard”), a commercial building situated on the border of Los Angeles and Culver City.

The property is located on the south side of Washington Boulevard. The building is approximately 5,248-square feet (per tax record) and consists of three commercial units located on two parcels measuring approximately 6,500-square feet of land. A long driveway can accommodate approximately five stacked cars. One tenant occupies the front ground floor unit and the upstairs 2 bedroom-1 bath unit. They are on a month-to-month commercial lease (modified gross).

11456 Washington Boulevard offers excellent visibility along Washington Boulevard, a major thoroughfare which stretches from Culver City down to Marina Del Rey and Abbot Kinney Boulevard. The location is accessible to plenty of street parking and public transportation.

11456 Washington Boulevard is a unique opportunity for an investor or owner-user looking for prime commercial real estate in a great location with very limited supply.

PLEASE DO NOT DISTURB TENANT
THE PROPERTY IS BEING SOLD AS IS
ASKING PRICE IS $2,385,000 ($454/SF)

Download Full Property Brochure Here

Commercial Real Estate

New Listing – Golden Triangle Investment Opportunity


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WESTMAC Commercial Brokerage Company and Cushman & Wakefield, as Exclusive Agents, are pleased to present the opportunity to acquire 9701 South Santa Monica Boulevard (“Property”), located in the famed Golden Triangle of Beverly Hills on the northwest corner of South Santa Monica Boulevard and Roxbury Drive. The Property consists of a two story office over retail building and a lower level containing a total of approximately 18,094 square feet. The building is home to a variety of office tenants and offers the opportunity to improve cash flow through the lease up of prime ground floor retail space. With this being the first time on the market in over 60 years, 9701 South Santa Monica Boulevard represents a unique opportunity to acquire a generational investment that has excellent potential for income growth and for some buyers an excellent owner-user opportunity in one of the most desirable urban retail districts in the world.

ACCESS FULL OFFERING MEMORANDUM & DUE DILIGENCE AT WWW.9701SMB.COM (CA REQUIRED)

Watch property video here

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