The West 3rd

Brandon Cohan of Brandon Cohan Real Estate, and Elizabeth Clark and Chris Chasin of Compass Commercial have been exclusively retained as the listing agents for The West 3rd in Los Angeles.

The West 3rd is one of the largest parcels on Los Angeles’ prime West 3rd Street to come to market in recent memory with nine separate retail and beauty boutique and restaurant locations approximating 8159 sq. ft. on a large 10,930 sq. ft. lot with adjacent rear parking for 18 cars. The property currently houses an eclectic mix of very long term tenants, many operating in excess of ten years or more in this location.

There is a significant upside within the next year to three years to increase the gross revenues of such a prime location. Immediate value-add offering.

The property has over 100 feet of key frontage on West 3rd Street and is located at the corner of West 3rd Street and Kings Road. The site sits directly between The Grove and The Beverly Center on West 3rd Street, one of Los Angeles’ hippest shopping and dining destinations, just two blocks from the heavily trafficked corner of La Cienega and 3rd Street.

The West 3rd is a hip shopping and dining destination adjacent to Beverly Hills and West Hollywood. Magnolia Bakery, Joan’s on Third, The Orlando Hotel, and Toca Madera are all within short walking distance of the site. The property is less than a 5 minute drive to The Grove, The Farmers Market, The Beverly Center, and Cedars Sinai. Nearby Cedars Sinai Hospital has a staff of over 14,000 employees including 2,000 physicians. This West 3rd Street location is also adjacent to highly populated residential neighborhoods and has great foot traffic on both weekdays and weekends.

This is a trophy asset that comes along once in a generation and is irreplaceable.

Highlights

• Prime High Street Retail Trophy Asset
• Immediate Upside Potential in Rents
• Rare Generational Property
• Corner lot
• Over 100 feet of frontage on West 3rd Street
• Located Adjacent to Beverly Hills and West Hollywood