1928 Cotner Avenue, Los Angeles, CA 90025

About this commercial property

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.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$3,350,000

Sold June 2023 · on market March 2023 · MLS #SB23036074 · Source: CRMLS

Listing Agent: Stephen Lampe · Listing Office: Re/Max Commercial & Investment · Contact: slampe@remaxcir.com · Bought with: Gianluca Jacoli · Shield CRE, Inc.

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