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10209 S Central Ave 3,500 SF Retail Building Los Angeles, CA 90002 $945,000 ($270/SF)
INVESTMENT HIGHLIGHTS
- High traffic count
- Gated yard
EXECUTIVE SUMMARY
Five Heights Realty Corp is pleased to present for sale 10209 S Central Ave, a street-front, commercial property in the city of Los Angeles. The property consists of three (3) units on a ±3,500 SF street-front retail building on a ±6,015 SF lot centrally located in a dense community in the Watts community. Located on a busy street with high vehicular traffic, the street front building faces Central Ave and is in close proximity to residential properties and amenities. A gated rear lot provides ample parking and security. The property benefits from recent capital improvements in the area including new residential and mixed-use developments, new street improvements and street signage. Buyer to conduct their investigations to suit their use and all information. Property can be delivered with two units vacant (Approximately 2/3 of the property). Pro-forma Cap Rate is 5.0%.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Year Built
1949
Price
$945,000
Price Per SF
$270
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.57
Lot Size
0.14 AC
Zoning
LAC2 - Commercial (C2) - City of L.A, retail, storefront, office, flex space, shipping store, salon, stylist, laundry, mailbox business, gym, finance.
Parking
10 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
50’ on South Central Avenue
AMENITIES
- Banking
- Bus Line
- Courtyard
- Fenced Lot
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6049-026-004 | Improvements Assessment | $175,000 |
| Land Assessment | $620,000 | Total Assessment | $795,000 |
PROPERTY TAXES
Parcel Number
6049-026-004
Land Assessment
$620,000
Improvements Assessment
$175,000
Total Assessment
$795,000
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10209 S Central Ave
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