634-640 S Alvarado St - Department Store FOR SALE


Los Angeles, CA 90057- MacArthur Park
$4,500,000 USD
626-676-7003
634-640 S Alvarado St, Los Angeles, CA for Sale
$4,500,000 USD
Department Store - FOR SALE
1/6
null | Request Cap Rate

634-640 S Alvarado St
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • Rapid Transit Adjacent (TOC Tier 4)
  • Low Retail Vacancies
  • Very strong submarket with lots of residential redevelopment

OVERVIEW

Westlake Theatre opened as a 1,949-seat venue on September 22, 1926. Although designed primarily as a motion picture theatre, the large stage also serves as a live entertainment venue. The raked floor has been leveled to house the current swap meet retail use, but can be removed if desired. Second floor office and street-level retail round out the current uses. The second floor office space has been renovated and is available to lease. All leases are month-to-month.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

LAC2, Los Angeles

APN/PARCEL ID

5141-001-037

ASK ABOUT THIS PROPERTY

626-676-7003

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626-676-7003

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