1427-1431 S Atlantic Blvd - Freestanding FOR SALE


Los Angeles, CA 90022
$3,190,000 USD
310-498-8820
1427-1431 S Atlantic Blvd, Los Angeles, CA for Sale
$3,190,000 USD
Freestanding - FOR SALE
1/7
null | 5.27% Cap Rate

1427-1431 S Atlantic Blvd
Los Angeles, CA 90022


HIGHLIGHTS

  • Small Box Redevelopment/Re-Tenanting Opportunity on primary thoroughfare in Los Angeles County. – Current tenant has less than 1 year left of term.
  • Potential Uses - Potential uses that may be a good fit include, Discount Grocer, Clothing and Apparel, Medical Office and Urgent Care, Pharmacies, etc
  • With ample gated parking of approximately 28 on site spaces this investment is ideal for multiple retail uses.
  • Visible Pylon Signage – The Property benefits from strong visibility from all directions.
  • Zoning allows for multiple potential uses, including multi family development with large density bonus for affordable housing and limited Industrial
  • Immediately adjacent to the I-5 Freeway and Great Street Frontage and Visibility

OVERVIEW

Contact Broker for OM Oakmore, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest of 1427-1431 S Atlantic Blvd, East Los Angeles, CA 90022 (the “Property”). The Property consists of a 10,175 SF building on a 0.53 acre (23,101 SF) parcel of land. The Property is leased to East Los Angeles Women’s Center. The tenant receives government grants, which subsidizes a significant portion of the rent. However, the tenant is operating under an existing lease with one (1) year left of term and no options. This allows an investor to collect rent while re-tenanting the property, or securing permits and entitlements for a redevelopment. The Property boasts outstanding frontage along Atlantic Blvd, a highly trafficked thoroughfare located just off the Interstate 5 Freeway, which sees more than 232,000 vehicles per day, and close to the 710 Freeway. With ample on-site gated parking and access, the Property provides an easy destination experience for customers. The area surrounding the Property is comprised predominantly of single-family housing, retail and industrial properties. The Property is a half mile north from Citadel Outlets, an expansive shopping center anchored by Disney Store, Starbucks, Nike, Puma, Chipotle, Converse, Auntie Anne’s, Vans, GUESS, Sketchers, Ruby's Diner, Coach, Tommy Hilfiger, H&M, Under Armour, GAP, and other national many retailers. Similarly, the Property is half a mile south of Commerce Center, another expansive shopping center anchored by Target, Ross Dress for Less, WaBa Grill, Starbucks, Regency Theaters and several other national retailers. Given the Property’s close proximity to several national retailers, strong traffic counts, dense infill location and easy access to the I-5 and 710 freeways it makes an ideal redevelopment and/or re-tenanting investment opportunity. Freeway adjacent properties with redevelopment potential rarely become available in Southern California.

FOR SALE DETAILS

PRICE

$3,190,000 USD

PRICE/SF

$314 USD /SF

CAP RATE

5.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

LCC3

APN/PARCEL ID

5245-026-009,5245-026-010,5245-026-011,5245-026-012

ASK ABOUT THIS PROPERTY

Jeff SelickOakmore IncMore Info
310-498-8820

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Jeff SelickOakmore IncMore Info
310-498-8820

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