Sold
1928 Cotner Avenue
Los Angeles CA, 90025
$3,350,000
$676.77 per sqft
Sold
4,950 sqft
Commercial
Built in 1966
Listed by Stephen Lampe with Re/Max Commercial & Investment 310 802-2500
This is a rare opportunity to acquire an Industrial Zoned (M2) property in West Los Angeles, with easy access to the 405 Freeway and the 10 Freeway just further south.
The subject property is located on Cotner Avenue just south of Santa Monica Boulevard, and north of Olympic Boulevard. Cotner Avenue runs parallel with the 405 freeway, and Sepulveda which is to the east. There is signage on the property, and partial visibility from the 405 freeway northbound side. This provides the property with excellent exposure as the 405 freeway northbound side has a high vehicle count of over 150,000 per day.
The building consists of two floors of which the upstairs is approximately 950 square feet of rentable office space in the front portion of the building, and the ground floor has approximately 4,000 square feet of combined offices and temperature-controlled warehouse space that is built out for the current tenant as a Wine Cellarage. The owner has completely upgraded the interior and exterior with high end finishes throughout including ADA bathrooms, full kitchen on ground floor and office kitchen area on the upper floor. The tenant has occupied the space for 9 years since the build out, and has a short term remaining on the 2 leases (ground floor and upper floor). THERE ARE NO OPTIONS TO RENEW.
The property is configured where the two floors can be separately accessed or combined for a single tenant. This property is an ideal turn-key building for an investor or owner-user who does not require immediate occupancy.
SB23036074
MLSⓇ ID
March 3, 2023
Listed
March 23, 2024
Updated
Map
1928 Cotner Avenue
Los Angeles CA, 90025
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
Level, Rectangular Lot, Street Level
Other Property Details
Area Name
C05 - Westwood - Century City
Days on Market
53
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
M2
Buyer Agency Compensation
2.5%
Listing Contact: 310 802-2500
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:25 AM UTC