Friday, December 12, 2008

Los Angeles Office Building For Sale $2,590,000


Property Use Type:Investment
Type:Office
Office Building
Building Size:7,879 SF
Lot Size:13,500 SF
Occupancy:100.00%
Price:$2,590,000
Price/SF:$328.72
Cap Rate:6.00%
Year Built:1949

Property Description:
Huge Price Reduction!!! Seller is motivated!!!

A Hard to find excellent investment property with great street frontage exposure for both professional offices & retail use. Perfect for a medical or any other owner user use with extra income from the current tenants and a billboard income. Current tenants are paying low rents which gives the new owner a great upside potential. Great parking on two adjacent lots. Also, a tremendous development opportunity for a mixed use property.

Tenancy Type: Multiple

Dr. Shapiro DDS
SF Occupied: 1,500

Church
SF Occupied: 3,000

Beauty Salon
SF Occupied: 1,500

Nail Salon
SF Occupied: 650

Massage Parlor
SF Occupied: 250

No Cash Flow Information Provided
No Debt & Equity Information Provided



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