Michael J Lee - Commercial Real Estate Showcase

Michael J Lee Property Listings
Omni Realty & Investment Group
3055 Wilshire Blvd
Suite 810
Los Angeles, CA 90010-1108
(213) 637-0010

8315 - 8319 S Main Street

Los Angeles, CA 90003 - Mid-Cities Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1947
Building Size:8,500 SF Land Area:.43 AC (18,513 SF)
For Sale Price:$1,595,000 Price/SF:$187.65
Cap Rate:6.06 %
Parking:Free Surface spaces are available; Ratio of 2.82/1,000 SF

Sale Notes:
Street retail shopping center of 5 tenants, Mexicana Market, crystal water, Chavos apparel(vacant),Beauty salon, Dental lab. on busy street of Main st. very stable tenants. Fenced for security, ample parking.

Stable long term tenants
Ample parking
Fenced and gated for security

Financial Summary (Actual)
Year: 2015 Operating Expenses: $30,000
Scheduled Gross Income: $131,460 Net Operating Income: $101,460
Effective Gross Income: $131,460 Pre-Tax Cash Flow: $101,460

Omni Realty & Investment Group
Michael J Lee
(213) 637-0010

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