9700 S Figueroa St
Los Angeles, CA 90003
Starr Auto Sales · Retail Property For Sale

Hudson Partners has been named the Exclusive Listing Agent for the disposition of an auto-related, retail asset along the State Route 110 Harbor Expressway Commercial Corridor. This property is situated at the corner of 97th Street and South Figueroa with excellent ingress- egress by way of its rear-alley access. The seller currently occupies less than 1/3rd of the premises and operates a second-hand auto dealership which crowds much of the site’s available parking amenities. However, the seller is motivated and would be willing to deliver the property vacant. An Owner-user Buyer could occupy the building which lends itself to a multi-tenant uses. By leveraging SBA financing through occupying 51% of the square footage (Approx. 690 SF), an Owner-User can obtain 90% Loan-to-Value financing from various SBA lenders. On the other hand, an Investor can re-position this corner with market-rent tenants to obtain a 5.7% return on investment. This parcel’s Auto-related CUP allows an investor to collect substantially higher rent than typical retail assets in the area due to the scarce nature of auto-related product inventory. In addition, the parcel’s favorable Floor-to-Area Ratio (FAR), 0.15, gives an investor fluidity in deciding the highest and best use of the parcel area.