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$1,250,000
Est. payment /mo
8,411 Sqft Lot
UPDATED:
09/30/2024 06:51 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24143239
HOA Y/N No
Year Built 1950
Annual Tax Amount $15,625
Lot Size 8,411 Sqft
Property Description
The subject property is a 5,775 sf retail building situated on a corner lot consisting of 8,408 sf of land. The building is comprised of SIX small retail units that are easily leased due the affordable rent that can be offered to prospective tenants. The glass store front system gives the property added curb appeal and lots of natural light. Each unit has its own HVAC system, is separately metered for utilities, and each has its own restroom. The property also has a parking lot with five parking stalls. By achieving a modest rental rate of $1.85 gross (~ $1.38 NNN), the property will be generating an annual cap rate of 7.72%.
Location
State CA
County Los Angeles
Area 193 - San Pedro - North
Interior
Heating Forced Air
Fireplace No
Laundry None
Building
Lot Description Rectangular Lot
Story 1
Water Public
Others
Tax ID 7451036011
Special Listing Condition Standard
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Listed by Christopher Comfort • Apex Properties • 818-917-6558