818-851-0489
1003 W 102nd St, Los Angeles, CA for Sale
Retail - FOR SALE
1/8
null | Request Cap Rate

1003 W 102nd St
Los Angeles, CA 90044
Westmont


HIGHLIGHTS

  • Approximately 27,694 vehicles per day along S. Vermont Avenue.
  • Unincorporated Los Angeles County
  • Corner Property
  • Alley Access - Three Curb Cuts
  • Large On-Site Parking
  • AB 2097 Eligible

OVERVIEW

1003 W. 102nd Street presents a rare opportunity to acquire a highly visible corner commercial property located at the intersection of S. Vermont Avenue and W. 102nd Street in unincorporated Los Angeles County. Situated on an approximately 12,608 SF C-3 General Commercial parcel, the property benefits from dual street frontage, alley access, three existing curb cuts, and ample on-site parking. The property currently generates approximately $66,600 in scheduled annual gross income from three separate tenants, including a long-term car wash tenant, a month-to-month retail tenant, and a month-to-month residential unit (seller indicates the residential unit is non-RSO; buyer to independently verify). One of the property's unique features is its flexibility for a future owner-user. Subject to the existing lease, the tenancy configuration may provide an opportunity for a purchaser to occupy a portion of the commercial improvements while continuing to collect rental income from the remaining tenants. This flexibility may also present an opportunity for qualifying owner-users to pursue SBA financing, subject to lender requirements and buyer due diligence. Located within a Qualified Opportunity Zone and believed to be eligible for the benefits of California AB 2097 (buyer to independently verify), the property offers long-term potential for investors, owner-users, and buyers evaluating future redevelopment opportunities.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

LCC3*

APN/PARCEL ID

6060-026-013

ASK ABOUT THIS PROPERTY

Brian MallaschColdwell Banker CommercialMore Info
818-851-0489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brian MallaschColdwell Banker CommercialMore Info
818-851-0489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.