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Bilak Building 692-694 S Alvarado St
500 - 17,850 SF of Space Available in Los Angeles, CA 90057
Highlights
- Metro Adjacent
- Major Developments Nearby
- Heavy daytime foot traffic
- Iconic Location
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 2035 | 2,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 2120 | 1,850 SF | 3 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 2nd Floor | 500-14,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor, Ste 2035
Hard-corner suite. Formerly the Botica del Puebla pharmacy. Conducive to a wide variety of retail and office uses.
- Mostly Open Floor Plan Layout
- Fits 5 - 16 People
1st Floor, Ste 2120
- Lease rate does not include utilities, property expenses or building services
2nd Floor
Entire second floor available for single- or multi-tenant use.
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 2 - 112 People
- Ideal for Restaurants, Medical, Fitness, Beauty
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 692-694 S Alvarado St , Los Angeles, CA 90057
| Min. Divisible | 500 SF | Gross Leasable Area | 30,590 SF |
| Property Type | Retail | Year Built | 1928 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.65/1,000 SF |
| Min. Divisible | 500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 30,590 SF |
| Year Built | 1928 |
| Parking Ratio | 0.65/1,000 SF |
About the Property
Located immediately adjacent to the Metro - MacArcthur Park/Westlake Station. Two story mixed use building with beautiful Art Deco style architecture presents the opportunity for both restaurateurs/retailers on the ground floor and creative office on the second floor. The ownership is planning a major remodel to the property which will upgrade the infrastructure and give a fresh modern feel to each space while keeping much of the Art Deco style. Extremely visible corner of Alvarado & 7th directly across the street from the legendary Langer's Deli. MacArthur Park and lake are directly across the street as well with an entertainment venue and rich cultural historical landmarks. Nearby developments that are either under construction or in the planning process total over 1,500 new apartments/units, a multi-cultural performing arts center, hotel, and new high street retail and restaurants.
- Bus Line
- Corner Lot
- Metro/Subway
- Restaurant
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
Bilak Building | 692-694 S Alvarado St
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