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1508-1512 S Vermont Ave 3,741 SF 100% Leased Retail Building Los Angeles, CA 90006 $2,190,000 ($585.40/SF) 3.62% Cap Rate
Investment Highlights
- Small retail building with 3 units, all leased.
Executive Summary
Three Pime Commercial units. fully leased. Situated in Korea Town, in one of the most vibrant and bustling commercial area of mid-wilshire. These Building has foot traffic and exposure are perfect for retail spaces that attract a diverse customer base. Legally 2 units, however the owner is in the process of getting the 3rd unit up to code and permitted. Lot's of potential for an investment property.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,741 SF
Building Class
C
Year Built
1956
Price
$2,190,000
Price Per SF
$585.40
Cap Rate
3.62%
NOI
$79,196
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.16 AC
Zoning
C2 - Commercial
C1.5 Uses; Retail w/ Limited
Manufacturing, Service Stations
and Garages, Retail Contr.
Business, Churches, Schools, Auto
Sales, R4 Uses
Parking
6 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
48’ on S Vermont Ave
Amenities
- Fenced Lot
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Rancho Barbershop
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Rancho Barbershop | Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5056-001-028 | Improvements Assessment | $314,661 |
| Land Assessment | $1,766,527 | Total Assessment | $2,081,188 |
Property Taxes
Parcel Number
5056-001-028
Land Assessment
$1,766,527
Improvements Assessment
$314,661
Total Assessment
$2,081,188
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Contact the Sale Advisor
1508-1512 S Vermont Ave