176 N La Brea Ave

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 176 N La Brea Avenue, a 9,780 square foot
three-story, recently renovated mixed-use retail and office building situated on 0.12 acres of land (5,251 SF), ideally located one parcel
south of the SE signalized corner of N La Brea Avenue & Beverly Boulevard, near Fairfax and Miracle Mile, in Los Angeles, CA.

176 N La Brea Avenue is 100% vacant, creating an immediate value-add or owner-user opportunity. A value-add investor will have the ability to reposition the property with a market rate paying tenant or tenants. An owner-user buyer can occupy a portion or all of the property for their own business.
The property was recently renovated in 2013 and in 2021 and 2022. The building now features frameless doors and windows creating a clean and modern appearance on the exterior while simultaneously enhancing the view and visibility along N La Brea Avenue from the interior. The site was also upgraded with 5 brand new HVAC units, 5 tons on each floor, and all new plumbing and some electrical. While the property does not currently have an elevator, grandfathered in per city code, there is room to install one if a future owner or tenant prefers. Each floor has an ADA bathroom with 2 bathrooms on the first (1st) floor, 2 bathrooms on the second (2nd) floor, and 1 bathroom on the third (3rd) floor. Because the building has both front and rear access with stairs beside both entrances, the property is suited for multiple tenants and can accommodate a variety of uses. The ground floor is 4,113 SF (42.06%), the second floor is 4,478 SF (45.79%), and the third floor is 1,189 SF (12.16%).
The subject property is located just south of the SE signalized corner of N La Brea Avenue and Beverly Boulevard, centrally positioned between the Fairfax District and Miracle Mile, in Los Angeles, CA. The property enjoys excellent visibility, with approximately 50 feet of frontage along N La Brea Avenue. N La Brea Avenue is a highly trafficked north-south thoroughfare with traffic counts in excess of 47,000 VPD. The building also features a rear loading dock accessible from the rear alley via two large roll-up doors. The approximately 600 square foot space can accommodate parking.