1307 Alvarado ter - Storefront Retail/Office FOR SALE


Los Angeles, CA 90006- Pico-Union
$4,100,000 USD
310-866-3844
1307 Alvarado ter, Los Angeles, CA for Sale
$4,100,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 5.6% Cap Rate

NEW


1307 Alvarado ter
Los Angeles, CA 90006
Pico-Union


HIGHLIGHTS

  • Rare Corner Mixed-Use Asset with Upside and Owner-User Potential in Westlake
  • Totals ±15,454-Square Feet Featuring Six Retail Units, a Vacant Rear Warehouse, and 11 Surface Parking Spaces
  • Nearly 200 Feet of Frontage Along W Pico Boulevard with Gated Entry and Rear Alley Access
  • Value-Add Investment with Below-Market Leases, NNN Conversion Potential, and Seller Financing Available

OVERVIEW

Marcus & Millichap is pleased to offer for sale the rare mixed-use corner asset located at 1900 W Pico Boulevard in the heart of Westlake, just outside of Downtown Los Angeles, California. The property totals ±15,454 square feet on an ±18,720 square-foot lot and features seven tenants. It includes six street-facing retail spaces and a vacant rear warehouse, ideal for owner-user occupancy or additional rental income. Built in 1958, the building offers nearly 200 feet of prime frontage along W Pico Boulevard, with alley access, a gated entry, and a roll-up door providing convenient access to the rear warehouse. The site also includes 11 surface parking spaces and allows for flexible access for both customers and deliveries. All tenants are on modified gross leases with below-market rents, offering significant upside through rental increases and potential NNN conversion. With seller financing available and strong fundamentals, this property presents a value-add opportunity in one of LA’s most dynamic and transit-connected neighborhoods.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1307 Alvarado Terrace, Los Angeles, CA 90006

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,720 SF

ZONING

CM-1

APN/PARCEL ID

5135-004-008

ASK ABOUT THIS PROPERTY

Iman MossanenMarcus & MillichapMore Info
310-866-3844

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Iman MossanenMarcus & MillichapMore Info
310-866-3844

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