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4537 - 4541 Santa Monica Boulevard, Los Angeles, CA

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4537 - 4541 Santa Monica Boulevard

Los Angeles, CA 90029-1906 - Westside Ind Submarket

Property Type:Flex Sub Type:- Status:Existing Year Built:1924
Building Size:6,890 SF Land Area:.23 AC (10,054 SF)
Ceiling Height:11'0'' Loading Docks:No Rail:- Power:200a
For Sale Price:$2,399,900 Price/SF:$348.32
Cap Rate:-
Zoning:RD1.5, Los Angeles Sprinklers:- Drive Ins:No Cranes:-
Parking:Free Surface spaces are available; Ratio of 2.96/1,000 SF

6/03: Ho & Ho Partnership purchased the building from Martin & Manouk Karamanoukian. Ramsey-Shilling represented both the buyer and seller in the transaction. For more information, reference Comps #: LWC-66490-07-0320.

Two (2) single-story commercial/industrial buildings with minimum ceiling clearance of approximately 11 feet and 200 amps of power. The front building is constructed of frame and stucco, consisting of two (2) restrooms and a small office and the rear building consists of seismically reinforced brick that features a bow truss ceiling, large sliding ground level door, skylights and open floor plan. The buildings were originally built in 1924 and within the past few years, the roof was completely redone and cooling systems installed.

Sale Notes:
Stellar Real Estate proudly presents the sale of this unique investment opportunity in one of the highly desirable Los Angeles areas. The property is currently occupied by a coin operated laundromat tenant, with a solid lease that affords investors the peace of mind for steady income for years to come. The Coin laundry Business itself is also for sale.
The presence of the coin operated laundromat business is also a indicator of highly sought-after demographic for the shrewd investor.
The property information is obtained from the tax records. Confirmed details will be presented to interested parties at the initiation of a transaction.
The current tenant who is the owner of the coin operated laundromat has the first right of refusal to purchase the property.

Stellar Real Estate
Rafik Aghakhanian
(818) 550-8199

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