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9.1% Current Cap Rehabbed Office Bldg 7416 S Western Ave 2,050 SF Office Building Los Angeles, CA 90047 $699,000 ($340.98/SF) 9.11% Cap Rate
Investment Highlights
- 9.1% Cap Rate on Current Income
- Beautiful, Well-lit Office Lofts with Skylights, Mini-splits, and Kitchenettes.
- Located on an Improving Strip of Western Avenue near Inglewood and Several Developments
- Fully Rehabbed Property with Permits!
- 90% SBA Financing Available
Executive Summary
Darin Spillman at Kidder Mathews is pleased to present 7416 S Western Avenue, a retail/office building generating solid cash flow with established month-to-month tenants.
Renovations include new flooring, kitchenettes, skylights, and mini-splits. Available to purchase as turnkey cash flowing investment or occupy a portion and allow other tenant to subsidize your mortgage payment. An owner-user occupying the front unit can qualify for up to 90% SBA financing. Contact listing agent for further details.
Front unit of approx. 1,100 SF is leased for $4,000/month.
Rear unit of approx. 900 SF is leased for $2,800/month.
Annual gross income: $81,600.
Annual expenses:
New Property Tax: $8,737
Insurance: $5,000
DWP: $3,600
Trash (Republic): $3,600
Gas: $600
Total expenses: $17,937
Net operating income: $63,663 (9.1% current cap rate)
Renovations include new flooring, kitchenettes, skylights, and mini-splits. Available to purchase as turnkey cash flowing investment or occupy a portion and allow other tenant to subsidize your mortgage payment. An owner-user occupying the front unit can qualify for up to 90% SBA financing. Contact listing agent for further details.
Front unit of approx. 1,100 SF is leased for $4,000/month.
Rear unit of approx. 900 SF is leased for $2,800/month.
Annual gross income: $81,600.
Annual expenses:
New Property Tax: $8,737
Insurance: $5,000
DWP: $3,600
Trash (Republic): $3,600
Gas: $600
Total expenses: $17,937
Net operating income: $63,663 (9.1% current cap rate)
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,050 SF
Building Class
C
Year Built
1950
Price
$699,000
Price Per SF
$340.98
Cap Rate
9.11%
NOI
$63,663
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,050 SF
Building FAR
0.72
Lot Size
0.07 AC
Zoning
LAC2 - Commercial
Parking
2 Spaces (0.98 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Skylights
- Reception
- High Ceilings
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Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6018-016-005 | Improvements Assessment | $117,300 |
| Land Assessment | $306,000 | Total Assessment | $423,300 |
Property Taxes
Parcel Number
6018-016-005
Land Assessment
$306,000
Improvements Assessment
$117,300
Total Assessment
$423,300
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9.1% Current Cap Rehabbed Office Bldg | 7416 S Western Ave