6836 Crenshaw Blvd - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$1,200,000 USD
310-658-3375
6836 Crenshaw Blvd, Los Angeles, CA for Sale
$1,200,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | Request Cap Rate

6836 Crenshaw Blvd
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Court-Appointed Referee Sale - Not Subject to Overbid
  • State Enterprise Zone - Reduced Parking Requirements Allowing: Medical/Restaurant Conversion Opportunity
  • True Value-Add Repositioning - Triplex Free Standing Structures w/ 2 Car Garages
  • Signalized Corner Location - Dense Vehicle (32,395/day) & Foot Traffic {Catty Cornered by Mac Donald's}

OVERVIEW

Kidder Mathews is the Exclusive Agent for a Referee Court-Appointed Sale, situated at the signalized corner of West 71st Street and Crenshaw Blvd. The subject property is comprised of an auto repair shop and a triplex with a rare layout, three freestanding structures and each of them have their own two car garage. The parcel size is 11,328 SF with multiple curb cuts and the appearance of two separate parcels. The rents are currently dramatically below market and the asset needs to be repositioned. The property is a ideal a hands on investor or owner-user. Additionally, property has the State Enterprise Zone designation which reduces the parking requirements to 2 spaces for every 1,000sf for medical/dental/restaurant converted uses.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$319 USD /SF

CAP RATE

Request Cap Rate

% LEASED

100%

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Court Sale - Auto Repair Bld. & Triplex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Auto Repair, Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,328 SF

ZONING

MR1-2D-SP

APN/PARCEL ID

4006-025-031

ASK ABOUT THIS PROPERTY

Jay MartinezKidder MathewsMore Info
310-658-3375

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Jay MartinezKidder MathewsMore Info
310-658-3375

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