8701 La Tijera Blvd - Storefront FOR SALE


Los Angeles, CA 90045- Westchester | 
$3,750,000 USD
310-979-4990
8701 La Tijera Blvd, Los Angeles, CA for Sale
$3,750,000 USD
Storefront - FOR SALE
1/12
null | 5.45% Cap Rate

8701 La Tijera Blvd
Los Angeles, CA 90045
Westchester


HIGHLIGHTS

  • Can be sold together with adjacent 8711 La Tijera Blvd NNN Retail property; also 100% occupied
  • Located in Westchester Triangles coveted Commercial Historic District
  • Just Steps away from Cityview’s entitled 489-unit development at 6136 West Manchester Ave.
  • 100% Occupied - 21 Retail Tenants with mix of NNN & FSG Leases
  • Low Landlord Responsibility: NNN Tenants pay for 100% of CAM and 60% of Property Tax
  • 5.45% CAP Rate

OVERVIEW

8701 La Tijera Blvd offers investors a 12,896 square foot, two-story retail and office building on a corner lot with frontage on both La Tijera Boulevard and Truxton Avenue. Built in 1955, the building is fully occupied.? Lease structure is mixed by unit type: 8 street facing retail suites operate under triple net (NNN) leases covering 100% of CAM and 60% of Property Tax and Insurance, while the 13 professional-service office/retail suites, spanning the interior ground and second floor, operate under full-service gross (FSG) lease. The property sits in the Westchester Triangle’s Commercial Historic District, a walkable retail and office corridor at the center of this Westside community, and benefits from weekly foot traffic from the Westchester Farmer’s Market.? The tenant roster, record store, a barbershop, threading salon, acupuncture clinic, beauty spa, insurance agency, self-defense studio, transportation company, and a bench of small professional-service office tenants, reflects a needs-based demand profile that supports durable occupancy. Current rents are below market rent, creating upside for a new owner as they turn. For an investor seeking a fully occupied, mixed-use retail and office income stream with near term rollover upside and genuine Westside fundamentals, 8701 La Tijera Blvd fits the profile. This property can be sold together with the adjacent property located at 8711 La Tijera Blvd.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Tijera Truxton Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

[Q]C2-1-CDO

APN/PARCEL ID

4123-002-027

ASK ABOUT THIS PROPERTY

Eric SacklerColdwell Banker Commercial RealtyMore Info
310-979-4990

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Eric SacklerColdwell Banker Commercial RealtyMore Info
310-979-4990

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