2523-2525 W Washington Blvd - Storefront Retail/Office FOR SALE


Los Angeles, CA 90018- Arlington Heights
$3,500,000 USD
213-747-4151
2523-2525 W Washington Blvd, Los Angeles, CA for Sale
$3,500,000 USD
Storefront Retail/Office - FOR SALE
1/19
null | Request Cap Rate

2523-2525 W Washington Blvd
Los Angeles, CA 90018
Arlington Heights


HIGHLIGHTS

  • Price Reduced! Well-Maintained 7-Unit Commercial Property
  • 100% Occupied: $234,630 Annual NOI — 6.7% Cap Rate
  • New Electrical, Windows, Doors and Roof
  • Interior Driveway with Parking for 8 Vehicles
  • Ideal for Owner/User or Investor

OVERVIEW

Price reduced! Owner/user or investor purchase opportunity. Well-maintained 7-unit commercial property fully renovated in 2015. 7 occupied units: 100% leased. $297,120 actual gross annual income. $234,630 actual net annual income — 6.7% cap rate. Parking for 8± vehicles accessed from Washington Blvd through an interior driveway. All units individually metered. All units have HVAC except 103 and 106. New electrical, windows, doors, and roof. Great location just west of Arlington Avenue. One-half mile north of the Santa Monica (I-10) Freeway. Former 1920 Cadillac Dealership/Showroom.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

6.7% Cap Multi-Tenant Commercial Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,886 SF

ZONING

C2-1VL-O-CPIO

APN/PARCEL ID

5072-030-003

ASK ABOUT THIS PROPERTY

Anthony BeharMajor PropertiesMore Info
213-747-4151

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Anthony BeharMajor PropertiesMore Info
213-747-4151

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