Adam Peterson - Commercial Real Estate Showcase

Adam Peterson Property Listings
Investment Associate
RE/MAX Commercial & Investment Realty
550 S Hope St
Suite 500
Los Angeles, CA 90071-2627
(213) 233-4394
(213) 817-1001

4728 S Western Avenue

Los Angeles, CA 90062 - Culver City Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:1929
Building Size:11,734 SF Land Area:.13 AC (5,837 SF)
For Sale Price:$1,850,000 Price/SF:$157.66
Cap Rate:5.60 %

This property consists of three retail units on the ground floor and ten apartment units on the second floor. The unit mix consists of seven 1-bed/1-bath, two 2-bed/1-bath, and one studio.

Sale Notes:
We are pleased to present an opportunity to acquire a high-return, classic mixed-use building in the Vermont Square area of Los Angeles. Directly across the street is the beautiful, 2010-built LAUSD Barack Obama Global Preparatory Academy. The property includes 10 residential apartments (9 of 10 are Section 8) above 3 street-level retail spaces, deliverable at a high cap rate on current income. The seller has replaced all 2nd floor windows and maintained the property but an improved management presence is welcomed. This asset is poised for an experienced operator to add value and continue to grow rents in this strengthening area.

RE/MAX Commercial & Investment Realty
Adam Peterson
(213) 233-4394

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