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8315 - 8319 S Main Street, Los Angeles, CA

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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:$1,650,000 Price/SF:$194.12
Cap Rate:6.14 %
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.

Highlights:
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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