3200 City Terrace Dr - Freestanding FOR SALE


Los Angeles, CA 90063- East Los Angeles
$1,200,000 USD
424-293-8085
3200 City Terrace Dr, Los Angeles, CA for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

3200 City Terrace Dr
Los Angeles, CA 90063
East Los Angeles


HIGHLIGHTS

  • Month to Month Laundromat That Can Be Taken Over or Expanded
  • Can be Purchased Together With 2601 E. 4th Street, LA, CA 90033
  • Excellent Owner User Opportunity
  • All Month to Month Tenants With Tons of Upside
  • Corner Location

OVERVIEW

This 3 unit strip center is located in the dense infill neighborhood of City Terrace in East Los Angeles. The property consists of a laundrymat tenant, a nutrition tenant, and one small vacancy of 638 sq. ft. The property is well located at a signalized intersection and has major upside potential. Small unit sizes make them easy to rent at a higher rent per sq. ft. than larger units would lease for. The lot has 12 parking stalls to provide easy access to tenants and customers. The property also has the potential for an owner user to operate one of the units or the laundrymat. *** PROPERTY CAN BE SOLD TOGETHER WITH ANOTHER BOYLE HEIGHTS SINGLE TENANT LAUNDRYMAT AT 2601 E. 4TH STREET, LOS ANGELES, CA 90033 WHICH CAN ALSO BE FOUND ON LOOPNET (BOTH OM'S ARE ATTACHED TO THIS LISTING) *** City Terrace is a well-established residential and commercial submarket located in unincorporated East Los Angeles, just east of Downtown LA and minutes from the Arts District, Boyle Heights, and USC Health Sciences Campus. The area is characterized by dense infill neighborhoods, strong local retail demand, and consistent traffic driven by a large, multigenerational population base. Positioned along key east-west corridors such as City Terrace Drive, 1st Street, and Olympic Boulevard, the neighborhood provides efficient access to Downtown Los Angeles (10 minutes), the I-5, SR-60, and I-710 freeways, making it a strategic location for neighborhood retail, medical, service, and last-mile commercial uses.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1933

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,104 SF

ZONING

C2 and R2

APN/PARCEL ID

5231-017-002,5231-017-003

ASK ABOUT THIS PROPERTY

Chris ComfortApex PropertiesMore Info
424-293-8085

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Chris ComfortApex PropertiesMore Info
424-293-8085

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