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$ 3,190,000
Est. payment /mo
Active
1427 S Atlantic Boulevard East Los Angeles, CA 90022
10,175 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 10,175 sqft
Price per Sqft $313
MLS Listing ID CL26663999
HOA Y/N No
Year Built 1960
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Comm Ind For Sale
Property Description
On behalf of ownership, we are pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest of 1427-1431 S Atlantic Blvd, East Los Angeles, CA 90022 (the "Property"). The Property consists of a 10,175 SF building on a 0.53 acre (23,101 SF) parcel of land. The Property is leased to East Los Angeles Women's Center. The tenant receives government grants, which subsidizes a significant portion of the rent. However, the tenant is operating under an existing lease with one (1) year left of term and no options. This allows an investor to collect rent while re-tenanting the property, or securing permits and entitlements for a redevelopment.The Property boasts outstanding frontage along Atlantic Blvd, a highly trafficked thoroughfare located just off the Interstate 5 Freeway, which sees more than 232,000 vehicles per day, and close to the 710 Freeway. With ample on-site gated parking and access, the Property provides an easy destination experience for customers. The area surrounding the Property is comprised predominantly of single-family housing, retail and industrial properties.The Property is a half mile north from Citadel Outlets, an expansive shopping center anchored by Disney Store, Starbucks, Nike, Puma, Chipotle, Converse, Auntie Anne's, Vans, GUES
Location
State CA
County Los Angeles
Zoning LCC3
Interior
Fireplace No
Exterior
Total Parking Spaces 28
Building
New Construction No
Others
Tax ID 5245026009
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Listed by Jeff Selick • Oakmore Inc