4302 Overland Ave - Storefront Retail/Office FOR SALE


Culver City, CA 90230
$2,950,000 USD
310-422-3891
4302 Overland Ave, Culver City, CA for Sale
$2,950,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | Request Cap Rate

4302 Overland Ave
Culver City, CA 90230


HIGHLIGHTS

  • SELLER FINANCING AVAILABLE
  • MOTIVATED SELLER - Price reduced to $449 per SF, well below nearby comps which average $650 per SF
  • ONE BLOCK from Sony Pictures and walkable to Equinox, Apple's offices at One Culver, and Downtown Culver City
  • OWNER USER opportunity - building is currently vacant
  • SIGNALIZED CORNER - high visibility

OVERVIEW

Fantastic owner-user opportunity in a prime section of Culver City, only one block away from SONY Pictures' massive footprint on Culver Blvd, and within walking distance of Equinox, Apple's offices at One Culver, and Downtown Culver City. Vacant retail/office building currently divided into 4 suites, three of which were used for retail use, and one office suite with a permitted mezzanine of 1,145 SF. The building could potentially be reconfigured into two larger suites, or even one single space for an owner/user. The total building size is 6,569 SF which includes approx. 5,424 SF of ground floor space and a permitted mezzanine of approx. 1,145 SF. There is space for parking in the rear of the building for up to 8 vehicles (tandem). More vehicles could be parked after the removal of the structure in the back of the building. The site was recently discovered to have been environmentally impacted by a dry-cleaning tenant who used to occupy a small portion of the property. The Seller has a recent Phase II ESA and a remediation proposal which recommends a soil vapor extraction system be installed. Property is to be delivered “as-is” and is priced accordingly, well below nearby sales comps. The seller is willing to offer an attractive seller financing structure to a qualified buyer, since conventional financing options will likely not be available for this site until the environmental situation is addressed.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$449 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C2

APN/PARCEL ID

4209-025-001

ASK ABOUT THIS PROPERTY

Joe BologneseSaxum WestMore Info
310-422-3891

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Joe BologneseSaxum WestMore Info
310-422-3891

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