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1501 Celis St 5,056 SF 100% Leased Retail Building San Fernando, CA 91340 $1,475,000 ($291.73/SF) 3% Cap Rate
INVESTMENT HIGHLIGHTS
- Five (5) roof mounted evaporative (swamp) coolers
- Concrete block, panelized roof system
- Low rents with huge upside potential.
EXECUTIVE SUMMARY
5 unit business park—5,056 square feet.
10,058 square feet of SP-5 zoned land.
All units on month-to-month tenancies.
Value added—property needs some refurbishment .
Phase I & Phase II Reports completed.
10,058 square feet of SP-5 zoned land.
All units on month-to-month tenancies.
Value added—property needs some refurbishment .
Phase I & Phase II Reports completed.
PROPERTY FACTS In Escrow
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,056 SF
Building Class
B
Year Built
1973
Price
$1,475,000
Price Per SF
$291.73
Cap Rate
3%
NOI
$44,181
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.23 AC
Zoning
SP-5 - Specific Planning Area
Parking
12 Spaces (2.37 Spaces per 1,000 SF Leased)
Frontage
115’ on Celis St
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2612-006-026 | Improvements Assessment | $517,525 |
| Land Assessment | $936,615 | Total Assessment | $1,454,140 |
PROPERTY TAXES
Parcel Number
2612-006-026
Land Assessment
$936,615
Improvements Assessment
$517,525
Total Assessment
$1,454,140
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1501 Celis St
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