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9018-9022 Avalon Blvd 5,932 SF 100% Leased Retail Building Los Angeles, CA 90003 $2,950,000 ($497.30/SF)

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EXECUTIVE SUMMARY

Investment Opportunity – Fully Leased 2-Unit Commercial Property
Property Address:
9018-9020 Avalon Blvd., LA CA 90003
Unit 9018: Smoke shop with convenience market
Lease Term: 11/1/24 – 10/31/27
1st Year: $2,750/month
2nd Year: $2,887.50/month
3rd Year: $3,031.88/month
Unit 9020: Coin Laundry
Please call for more information.
The property will be sold with the coin laundry business included.

Additional Income:
Billboard rental income: $20/month ($60 every 3 months)

Stable, long-term tenants with established businesses.
Property includes a profitable coin laundry operation.
Convenient location with potential for growth.
Note:
Buyer to independently verify all information provided herein. Seller and broker do not guarantee accuracy and recommend due diligence.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,932 SF
Building Class
C
Year Built
1964
Price
$2,950,000
Price Per SF
$497.30
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.22 AC
Zoning
LAC2 - commercial zone
Parking
12 Spaces (2.02 Spaces per 1,000 SF Leased)
Frontage
87’ on Avalon

NEARBY MAJOR RETAILERS

Bank of America
Superior Grocers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6042-012-029
Land Assessment
$641,751
Improvements Assessment
$389,869
Total Assessment
$1,031,620
  • Listing ID: 33790440

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 9018-9022 Avalon Blvd, Los Angeles, CA 90003

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