Mixed-Use Retail & Office Suites Off Western Avenue 1081571
Commercial real estate listings near South Pasadena, CA, USA
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views count 45 Views
Listing was updated on: 11/06/2022
Price: 3200000.00
location icon 4406 W 2nd St, Los Angeles, CA 90004, USA
Retail for Sale
from November 05, 2022

LocationLocated in Koreatown.SaleSVN is pleased to present 4406 W 2nd St. for sale as an investment or an Owner/User opportunity. The subject property is a mixed-use retail/office building comprised of 2 structures situated on a signalized corner lot. Strategically located on one of the busiest corridors of Koreatown, Los Angeles, the vehicles per day (VPD) clocks in at approximately 40,000 cars. LA Mattress Store serves as the primary tenant in this building and is a profitable regional mattress store with 6 locations stretched across Los Angeles from Santa Monica/West LA to Studio City and Glendale. The remaining tenant roster consists of local professionals and creatives occupying office suites throughout the 2nd floor of the building and the adjacent building rented out as an entertainment studio.

4406 W 2nd St. offers Investors a unique and flexible opportunity to capitalize on the cash flow at approximately 5.7% CAP rate with over 20% rental upside and/or occupy one or several units as an Owner/User. Please call Broker for more information or to schedule any tour requests. DO NOT disturb tenants, drive-by ONLY. Buyer to verify and confirm all information provided during due diligence.

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The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.