1660 W Adams Blvd - Storefront FOR SALE


Los Angeles, CA 90007
$8,500,000 USD
760-408-8874
1660 W Adams Blvd, Los Angeles, CA for Sale
$8,500,000 USD
Storefront - FOR SALE
1/18
null | 4.73% Cap Rate

1660 W Adams Blvd
Los Angeles, CA 90007


HIGHLIGHTS

  • First Time to Market for this High Visibility and High Traffic Area
  • Below market lease rates and short terms provide opportunities to increase NOI quickly
  • High Demand for Retail Space

OVERVIEW

Exceptional retail investment opportunity in the vibrant city of Los Angeles for the first time in 35 years! This ±18,924 SF retail center, situated on a substantial ±46,817 SF lot across three parcels, features ±169 feet of prime frontage along W. Adams Blvd, spanning nearly an entire block. The building is valued at $5,500,000.00 with two adjacent parking lots valued at $2,000,000.00 and $1,000,000.00 respectively. Located just 1.5 miles from the prestigious University of Southern California, the property provides unparalleled visibility and convenience with four points of ingress/egress. This retail center is zoned C2 & RD2 - C2-1VL-O-HPOZ-CPIO & RD2-1-O-HPOZ | State Enterprise Zone | Tier 1 TOC. Highlights include prime location with high traffic exposure, diverse income streams from multiple tenants, and strong potential for appreciation and value growth in a dynamic Los Angeles neighborhood. Listed at $8,500,000.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$449 USD /SF

CAP RATE

4.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,817 SF

ZONING

C2 & RD2

APN/PARCEL ID

5054-005-019,5054-005-020,5054-005-021

ASK ABOUT THIS PROPERTY

Adam GilbertThe Firm BrokerageMore Info
760-408-8874

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Adam GilbertThe Firm BrokerageMore Info
760-408-8874

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.