5048-5050 3rd - Freestanding FOR SALE


Los Angeles, CA 90022- East Los Angeles
$974,500 USD
909-913-2760
5048-5050 3rd, Los Angeles, CA for Sale
$974,500 USD
Freestanding - FOR SALE
1/6
null | 6.55% Cap Rate

5048-5050 3rd
Los Angeles, CA 90022
East Los Angeles


OVERVIEW

Building has 2 units, both leased by a liquor store and a bar. NOI is approx. Roof was redone 7 years ago, parking lot has new asphalt 2 years ago, ADA was updated 2 years ago.. Liquor Store is occupying 1850 sq.ft and his rent is $3400 a month. Bar is renting occupies 1150 sq.ft, paying $3000 a month. Both tenants have long leases. However all the info will be verified.Buyer to do all due diligence.

FOR SALE DETAILS

PRICE

$974,500 USD

PRICE/SF

$325 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

LCC3*

APN/PARCEL ID

5248-003-001

ASK ABOUT THIS PROPERTY

Asif MusavvirDiamond Hills RealtyMore Info
909-913-2760

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Asif MusavvirDiamond Hills RealtyMore Info
909-913-2760

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