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Heavy Traffic Retail Investment Opportunity 1880 S Redondo Blvd 3,600 SF 100% Leased Retail Building Los Angeles, CA 90019 $1,650,000 ($458.33/SF)
Investment Highlights
- Prime Retail Strip Center
- Onsite Shared Parking for ±12 Vehicles
- 2 Tenants With Combined $7,000 Gross Monthly Income
- Signalized Corner of Washington Blvd & Redondo Blvd
Executive Summary
Strip Retail Center with two tenants. Heavy traffic signalized corner location: 23,959 vehicles per day. Onsite shared parking for ±12 vehicles. Bike Shop occupies 1,100 SF (month-to-month). Laundromat occupies 2,500 SF (just signed a ten year lease with 3% annual increases). Combined $7,000 gross monthly income. Designated Qualified Opportunity Zone location (tax benefits). Situated 5 blocks west of La Brea Avenue. Easy Santa Monica (I-10) Freeway access (just 4 blocks to the south). Close to the Miracle Mile and Mid-Wilshire.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,600 SF
Building Class
C
Year Built
1984
Price
$1,650,000
Price Per SF
$458.33
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
LA C2-1VL-CPIO
Parking
12 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- The Zoo Cycles
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The Zoo Cycles | Retailer | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5067-018-029 | Improvements Assessment | $416,507 |
| Land Assessment | $760,222 | Total Assessment | $1,176,729 |
Property Taxes
Parcel Number
5067-018-029
Land Assessment
$760,222
Improvements Assessment
$416,507
Total Assessment
$1,176,729
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Heavy Traffic Retail Investment Opportunity | 1880 S Redondo Blvd
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