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2-Story Shopping Center: Leased Investment 4376 S Western Ave 6,430 SF 100% Leased Retail Building Los Angeles, CA 90062 $2,950,000 ($458.79/SF) 4.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Leased Investment Opportunity: $128,468 NOI | 4.35% Cap Rate
- 10 Units with Secure 18 Car Parking Lot
- Heavy Traffic Location With Fantastic Signage and Exposure
- Signalized Corner Location at Western and Vernon Avenues
EXECUTIVE SUMMARY
Commercial leased investment purchase opportunity. 2-story shopping center. 4 ground floor retail stores and 6 second floor offices. $128,468 actual net annual income | 4.35% actual cap rate. Heavy traffic location at the intersection of 2 major thoroughfares. Northeast corner of Western Avenue and Vernon Avenue. 116' frontage on Western Avenue; 94' on Vernon Avenue. 1-1/3 miles west of the Harbor (110) Freeway and 2-1/4 miles south of the Santa Monica (I-10) Freeway.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$176,388
|
$27.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$176,388
|
$27.43
|
| Taxes |
$37,500
|
$5.83
|
| Operating Expenses |
$10,420
|
$1.62
|
| Total Expenses |
$47,920
|
$7.45
|
| Net Operating Income |
$128,468
|
$19.98
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $176,388 |
| Annual Per SF | $27.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $176,388 |
| Annual Per SF | $27.43 |
| Taxes | |
|---|---|
| Annual | $37,500 |
| Annual Per SF | $5.83 |
| Operating Expenses | |
|---|---|
| Annual | $10,420 |
| Annual Per SF | $1.62 |
| Total Expenses | |
|---|---|
| Annual | $47,920 |
| Annual Per SF | $7.45 |
| Net Operating Income | |
|---|---|
| Annual | $128,468 |
| Annual Per SF | $19.98 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,430 SF
Building Class
C
Year Built
1991
Price
$2,950,000
Price Per SF
$458.79
Cap Rate
4.35%
NOI
$128,468
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.67
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
LA C2-2D-CPIO
Parking
18 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Fenced Lot
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5021-024-040 | Total Assessment | $1,961,383 (2025) |
| Land Assessment | $1,265,035 (2025) | Annual Taxes | $37,500 ($5.83/SF) |
| Improvements Assessment | $696,348 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5021-024-040
Land Assessment
$1,265,035 (2025)
Improvements Assessment
$696,348 (2025)
Total Assessment
$1,961,383 (2025)
Annual Taxes
$37,500 ($5.83/SF)
Tax Year
2024
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2-Story Shopping Center: Leased Investment | 4376 S Western Ave
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