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12101-12119 Garfield Ave
South Gate, CA 90280
Retail Property For Sale
Investment Highlights
- Opportunity to Maximize Value: With all 5 tenants currently on modified gross leases, an investor is offered a prime opportunity
- Short Term Leases: With three tenants on month-to-month leases and another tenant having just ±1.5 years of term left
- Strong Demographics: This property offers excellent visibility as the 5-mile population is over 900,000 and in addition to the local businesses
- Below Market Rents: The existing leases are below market rates, presenting an additional value-add opportunity for a buyer to increase rental income
- High-Traffic Area: Surrounded by a mix of national and local businesses, commercial properties, and densely populated residential neighborhoods
- Strong Growth Potential: Located in a thriving retail corridor with excellent exposure, making it an ideal investment for long-term appreciation
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
9,850 SF
Building Class
C
Year Built
1950
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.44
Lot Size
0.51 AC
Zoning
C3
Parking
14 Spaces (1.42 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signalized Intersection
Property Taxes
| Parcel Number | 6243-010-040 | Improvements Assessment | $173,353 |
| Land Assessment | $520,092 | Total Assessment | $693,445 |
Property Taxes
Parcel Number
6243-010-040
Land Assessment
$520,092
Improvements Assessment
$173,353
Total Assessment
$693,445
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