1660 Riverside Dr - Loft/Creative Space FOR SALE


Los Angeles, CA 90031- Echo Park
$4,950,000 USD
310-395-5151
1660 Riverside Dr, Los Angeles, CA for Sale
$4,950,000 USD
Loft/Creative Space - FOR SALE
1/5
null | 6.06% Cap Rate

1660 Riverside Dr
Los Angeles, CA 90031
Echo Park


HIGHLIGHTS

  • Triple Net leased Investment
  • 1031 Exchange
  • Solid Credit Tenant

OVERVIEW

PRICE REDUCED Triple Net leased investment opportunity, with a solid credit worthy tenant. Stable cash flow, new 5 year lease term, no renewal rights. 2 story updated modern office space, large lot with excess land for parking, gated private campus with easy freeway access. Property presents many opportunities; reposition as creative office space, redevelop the property, extend current lease, release at market rates, car and truck storage or Light industrial user needing large lot, etc. Building has never been remeasured, and possible to divide the property and add new structures.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$521 USD /SF

CAP RATE

6.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Showroom, Light Distribution, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

C2LA

APN/PARCEL ID

5445-001-037

ASK ABOUT THIS PROPERTY

Travis LandrumIndustry PartnersMore Info
310-395-5151

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Travis LandrumIndustry PartnersMore Info
310-395-5151

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