8620 W 3rd Street, Los Angeles, CA 90048
Commercial property
Sold March 2023
Listing Agent: Dario Svidler (DRE #01884474) · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Dario Svidler · Keller Williams Beverly Hills · MLS #22225475 · Source: CRMLS
About this commercial 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.
Listing description from the March 2023 sale, as reported to CRMLS.
Sale history