Tuesday, September 30, 2008

Los Angeles 3 Unit Commercial Bldg $595,000

Property Use Type:Vacant/Owner-User
Type:Retail
Street Retail
Building Size:3,000 SF
Lot Size:6,230 SF
Price:$595,000
Price/SF:$198.33
Year Built:1928

Property Description:
Commercial Storefront building in West L.A. Three month to month tenants. Features fenced rear lot off of a private alley. Each suite individually metered. Zoned C2-1 allows R4 uses, churches, schools, automotive, retail with light manufacturing. New Roof, Security storefronts, 13 feet clear height plus short attic area. Center unit was a restaurant use at one point. Features extra plumbing, floor sink, hood.

Parking Ratio:3 / 1,000 SF

All Suites rented month to month ($1200 each)

Tenants pay their own utilities

Actual 6 CAP rate



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