1003 W 102nd St 1,222 SF 100% Leased Retail Building Los Angeles, CA 90044 For Sale

1003 W. 102nd Street presents a rare opportunity to acquire a highly visible corner commercial property located at the intersection of S. Vermont Avenue and W. 102nd Street in unincorporated Los Angeles County. Situated on an approximately 12,608 SF C-3 General Commercial parcel, the property benefits from dual street frontage, alley access, three existing curb cuts, and ample on-site parking. The property currently generates approximately $66,600 in scheduled annual gross income from three separate tenants, including a long-term car wash tenant, a month-to-month retail tenant, and a month-to-month residential unit (seller indicates the residential unit is non-RSO; buyer to independently verify). One of the property's unique features is its flexibility for a future owner-user. Subject to the existing lease, the tenancy configuration may provide an opportunity for a purchaser to occupy a portion of the commercial improvements while continuing to collect rental income from the remaining tenants. This flexibility may also present an opportunity for qualifying owner-users to pursue SBA financing, subject to lender requirements and buyer due diligence.
Located within a Qualified Opportunity Zone and believed to be eligible for the benefits of California AB 2097 (buyer to independently verify), the property offers long-term potential for investors, owner-users, and buyers evaluating future redevelopment opportunities.