3501 W 3rd St | Los Angeles, CA 90020
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- LoopNet Team
3501 W 3rd St
Los Angeles, CA 90020
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent re-branding or development opportunity located in the heart of prime Koreatown
- The combined traffic counts is approximately 95,786 vehicles per day.
- Koreatown development boom with 52 new projects reshaping the neighborhood
- Strategically positioned at one of the busiest hard corner in Los Angeles, Vermont Avenue and 3rd Street.
- Significant rental upside. The current rent is far below market value. Approximately 7 months remaining of lease term and 5 year renewal option.
- In Los Angeles, Koreatown is one of the fastest growing, rapidly developing market in Los Angeles
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
630 SF
Building Class
C
Year Built
1953
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.22 AC
Zoning
C2, Los Angeles - Neighborhood Commercial
Parking
12 Spaces (19.05 Spaces per 1,000 SF Leased)
Frontage
212’ on W 3rd St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 5518-030-011 | Improvements Assessment | $636,724 |
| Land Assessment | $2,122,416 | Total Assessment | $2,759,140 |
PROPERTY TAXES
Parcel Number
5518-030-011
Land Assessment
$2,122,416
Improvements Assessment
$636,724
Total Assessment
$2,759,140
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