Retail Business for Sale in Los Angeles, CA

  • Price: $3.5M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA 90024

Description

Leasehold Investment Opportunity in the Heart of Westwood Village ​​​​​​​CBRE is pleased to present for sale 1064-1066 Gayley Ave, a leasehold opportunity in the heart of Westwood Village. This irreplaceable 3,437 square foot retail building sits among prominent restaurants and retailers in a prime West Los Angeles trade area. Its location on Gayley Ave in Westwood Village consistently exhibits strong foot traffic from UCLA students, abundent nearby work force, and residents. The asset sits directly adjacent to Westwood Village Anchor, Whole Foods, which provides a constant and steady stream of visitors/shoppers at all hours of the day.

Market Context

This retail in Los Angeles, CA is listed for sale at $3,500,000. It has been on the market for 147 days. Compare it against other retail listings for sale in Los Angeles, CA — <a href="/search/sale/retail/california/los-angeles">view the full market</a>.

As of Q3 2023, the Greater Los Angeles retail market showed rents up 0.5% year over year, and cap rates around 5.0%. Source: Consensus Q3 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in Greater Los Angeles?
About 5.0% as of Q3 2023, per Consensus.

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