10816 S Main St, Los Angeles, CA 90061, USA

661 S Cloverdale Ave, Los Angeles, CA 90036, USA
January 29, 2018

10816 S Main St, Los Angeles, CA 90061, USA

    $ 1,400,000.00

    10816 S Main St, Los Angeles, CA 90061, USA
    • Floors: 1
    • Lot size: 14115 sq ft
    • Year built: 1946
    • Building SF: 5550
    • Cap Rate: 6.5%
    • Zoning: C2-1
    • Status: Sold
    • Type: Mixed Use

    Description

    NNN Investment property with long term established anchor tenant providing reliable and secure revenue to investors. Approximately 9 years remaining on a newly optioned lease. The laundry facility is card operated and has been automated for ease of operations. The clothing store has been in this location for over 23 years and is currently MTM. The subject property is a 5,550 SF 1-story retail building on 14,115 SF C2 land. This offering is directly across the street from Los Angeles Fire Department Station 64. It is south of a major signalized intersection of Century Blvd and Main St. This property offers approximately 127 feet of frontage and offers excellent foot & car traffic counts.

    The property is currently 100% occupied consisting of two NNN tenants; a Laundromat, Clothing Store, two non-conforming apartments, and a church. It has 12 onsite parking spots in addition to ample street parking.

    The area provides numerous public services such as schools, public services and a emergency department. Major retail tenants in the area including; Arco, Burger King, T-Mobile, and McDonald’s.

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