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Listed by Christopher Comfort • Apex Properties
$ 1,250,000
Est. payment /mo
Active
601 W 6th Street San Pedro (los Angeles), CA 90731
5,775 SqFt
UPDATED:
07/13/2024 03:22 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,775 sqft
Price per Sqft $216
MLS Listing ID CRDW24143239
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1950
Lot Size 8,410 Sqft
Property Description
The subject property is a 5,775 sf retail building situated on a corner lot consisting of 8,408 sf of land. The building is comprised of SIX small retail units that are easily leased due the affordable rent that can be offered to prospective tenants. The glass store front system gives the property added curb appeal and lots of natural light. Each unit has its own HVAC system, is separately metered for utilities, and each has its own restroom. The property also has a parking lot with five parking stalls. By achieving a modest rental rate of $1.85 gross (~ $1.38 NNN), the property will be generating an annual cap rate of 7.72%.
Location
State CA
County Los Angeles
Interior
Heating Forced Air
Fireplace No
Building
Water Public
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