Unbelievable West 3rd location surrounded by some of LA’s best tenants in a densely populated area where single family homes start at $1.5 Million and luxury apartments start at $2,500 per month
Building is roughly 90% occupied by Youth Academy of Dramatic Arts (YADA), a tenant that has been in the property for almost 25 years, starting with one space and expanding over the years (see page 6 for more tenant info)
An LA Institution, YADA recently extended their lease for another 5 years and their likelihood of extending thereafter is extremely high based on their specific Tenant improvements as well as the grandfathered use of the property
One small vacancy in the building exists, but once leased, property will perform at an approximate 7 CAP with a mixture of 3% and 4% annual increases
Within walking distance to The World Famous Grove Shopping Center
