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4177 W 3rd St 5,491 SF 100% Leased Retail Building Los Angeles, CA 90020 $3,595,000 ($654.71/SF) 5.31% Cap Rate
EXECUTIVE SUMMARY
Prime Koreatown Retail first time on the market in years. Located on the north east corner of 3rd St and Hobart Bl, the property is an ease of management and low expenses two tenant property fronting 3rd St. Anchored by Ten Raku a Korean BBQ restaurant (operating since 2012), the property at list is an actual 5.3 CAP with upside potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,491 SF
Building Class
B
Year Built
1963
Price
$3,595,000
Price Per SF
$654.71
Cap Rate
5.31%
NOI
$190,882
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.63
Lot Size
0.20 AC
Zoning
LAC2
Parking
6 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signalized Intersection
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5517-014-013 | Improvements Assessment | $627,409 |
| Land Assessment | $2,249,212 | Total Assessment | $2,876,621 |
PROPERTY TAXES
Parcel Number
5517-014-013
Land Assessment
$2,249,212
Improvements Assessment
$627,409
Total Assessment
$2,876,621
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4177 W 3rd St
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