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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 that are currently being used as storage by current owner. 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 high-rise, restaurants, shops, and metro station.
DATA ROOM Click Here to Access
- Offering Memorandum
- Market Information
PROPERTY FACTS
Sale Type
Investment or Owner User
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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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Christie's RE SoCal
607 S Western Ave
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