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607 S Western Ave 28,852 SF 67% Leased Retail Building Los Angeles, CA 90005 $6,500,000 ($225.29/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent Visibility
- Great Foot Traffic
- Well-Maintained Property
- Close to Retail/Restaurants
EXECUTIVE SUMMARY
Well-maintained building generating excellent revenue in a prime location. Second floor has two units vacant and available. First floor is currently a restaurant/bar/lounge and third floor is a dance studio. Heavy foot traffic on a busy street with incredible walkability. Next door to CGV mall, walking distance to the Wiltern theater, Solair luxury highrise, restaurants, shops, and metro station.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront
Building Size
28,852 SF
Building Class
C
Year Built
1931
Price
$6,500,000
Price Per SF
$225.29
Cap Rate
4%
NOI
$260,000
Percent Leased
67%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.76
Lot Size
0.24 AC
Zoning
C2 - Commercial, C2
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5503-031-006 | Improvements Assessment | $1,391,505 |
| Land Assessment | $2,512,110 | Total Assessment | $3,903,615 |
PROPERTY TAXES
Parcel Number
5503-031-006
Land Assessment
$2,512,110
Improvements Assessment
$1,391,505
Total Assessment
$3,903,615
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Presented by
Christie's RE SoCal
607 S Western Ave
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