269-275 S Western Ave - Storefront FOR SALE


Los Angeles, CA 90004- Koreatown
$5,395,000 USD
310-720-2827
269-275 S Western Ave, Los Angeles, CA for Sale
$5,395,000 USD
Storefront - FOR SALE
1/36
null | 5.46% Cap Rate

269-275 S Western Ave
Los Angeles, CA 90004
Koreatown


OVERVIEW

Iconic Retail property on the northwest corner of Western Ave. and 3rd St. The Selig building is one of the most recognizable properties in LA on an extremely heavily trafficked intersection in Koreatown. Built in 1934 and renovated extensively in 2018 with a New Roof, HVAC/Electrical/Plumbing upgrades in each unit, Facade improvements for each unit, and private restrooms in each unit. The retail landscape in LA lacks the charm of older architecturally pleasing design of buildings like this, which is big draw to prospective tenants. Rare opportunity to purchase retail/commercial in prime Koreatown.

FOR SALE DETAILS

PRICE

$5,395,000 USD

PRICE/SF

$521 USD /SF

CAP RATE

5.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Selig Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C2, Los angeles

APN/PARCEL ID

5517-001-012

ASK ABOUT THIS PROPERTY

Jay ChuSP Residential, Inc.More Info
310-720-2827

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Jay ChuSP Residential, Inc.More Info
310-720-2827

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