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2815 S Western Ave 3,392 SF 100% Leased Retail Building Los Angeles, CA 90018 $1,899,000 ($559.85/SF) 1.91% Cap Rate
Investment Highlights
- Rear house currently generates $1,950/month in rental income, providing immediate cash flow potential.
- Roof was replaced approximately 1 year and 8 months ago, offering added value and reduced near-term maintenance.
- Tenant relocation assistance may be considered to facilitate vacancy and future occupancy flexibility.
- Property has been well cared for with no known leaks and plumbing reported to be in good condition.
- Situated within a historical area (Jefferson Park) , adding character and long-term neighborhood appeal.
Executive Summary
Tenant Buyout Opportunity available subject to mutually agreeable terms.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,392 SF
Building Class
C
Year Built
1931
Price
$1,899,000
Price Per SF
$559.85
Cap Rate
1.91%
NOI
$36,271
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Lot Size
0.14 AC
Zoning
LA-C2 - LA-C2 City of Los Angeles Commercial Zoning
Parking
4 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
50’ on S Western Ave
Amenities
- 24 Hour Access
- Fenced Lot
- Smoke Detector
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5053-003-033 | Improvements Assessment | $212,472 |
| Land Assessment | $386,321 | Total Assessment | $598,793 |
Property Taxes
Parcel Number
5053-003-033
Land Assessment
$386,321
Improvements Assessment
$212,472
Total Assessment
$598,793
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2815 S Western Ave
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