Excellently maintained four story wood and frame building with stucco exterior. Many units have been renovated with kitchen granite counter tops, custom cabinets, tile floors, double sinks and more. Many bathrooms have been renovated with granite counter tops, tiled shower/tubs and more. Lush landscaping, two elevators, 106 subterranean parking spaces on two levels.
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" The asset enjoys very strong cash flow with a history of high demand and occupancy levels. " The property has been maintained with much care and professionalism, as evidenced in the asset' s cash flow, relative condition and due diligence materials. " Attractive upside potential exists due to the legal ability to relocate and convert existing storage units to an additional ten (10) residences. " Great windows feature tremendous, un-obstructed views of the downtown LA skyline for residents.
2 separate parcels, 4 legal lots, total land square footage 9,322sf, total improvements square footage 6,996sf. Zoning is LAC2, 6001 County use listed as Stores & residential, 6009 County use listed as Dance Hall. First time on the market in 75 years. Property being sold as-is, where-is condition and can be delivered vacant. Perfect for developer to start from scratch in highly sought after location with maximum exposure. Monthly Income from property is as follows: Shoe Maker $750.00, Dance Studio $1400.00, Meat Co. $1000.00, Billboard $1154.00, T-Mobile Site Lease $1457.00, Apt #201 $800.00, #202 $800.00, #203 $850.00, #204 $800.00, #205 $500.00, #206 $800.00
Keller Williams Commercial is pleased to present a well-established Beauty Salon in Century City. Business is located in Westwood neighborhood across the street from Westfield Century City Mall with lots of foot and driving traffic. Salon is known for its high class customer service and has a steady clientele. Sales price includes all inventory , equipment , furniture and fixtures. Business has a good upside potential. This is an excellent opportunity. Seller will fully train for two weeks.
SEE ATTACHED EXECUTIVE SUMMARY......AMAZING INVESTOR OPPORTUNITY! COMPLETELY STRIPPED TO THE STUDS AND REMODELED BUILDING, WITH BOLTED FOUNDATION! THE DEVELOPER HAS A FANATICAL EYE FOR DETAIL FROM 35+ YEARS EXPERIENCE DESIGNING APTS, AND HAS SPARED NO EXPENSE, SPENT WELL OVER $800,000& & & EVERYTHING IS BRAND NEW. ALL 6 UNITS HAVE BRAND NEW CENTRAL AIR AND HEAT WITH NEW COPPER PIPING AND ALL NEW UPGRADED ELECTRIC (100 AMPS), NEW WINDOWS, NEW TANK-LESS HOT WATER HEATERS, ORIGINAL OAKWOOD HARDWOOD FLOORS, NEW GRANITE COUNTER-TOPS, NEW CABINETS AND BRAND NEW STAINLESS STEEL APPLIANCES (5-10 YEAR WARRANTIES), BRAND NEW STACK WASHER DRYERS IN ALL UNITS, 12 FOOT LONG CUSTOM MAHOGANY CLOSETS, BRAND NEW MOTORIZED GARAGE DOORS, BRAND NEW SECURITY GATE........ THE TENANTS PAY FOR ALL UTILITIES INCLUDING WATER AND TRASH, ALL WITH INDIVIDUAL METERS AND DORMERS TO KEEP COSTS DOWN. MINERAL RIGHTS ARE NOT INCLUDED IN THE SALE. ALL INFORMATION IS DEEMED TO BE RELIABLE HOWEVER ACCURACY MUST VERIFIED BY BUYER. DO NOT DISTURB TENANTS.
Development opportunity in prime Westwood location. The property is approximately 6,500 square feet of R3 zoned land. Allowing the development of 8 luxury condo or apartment units by right (buyer to confirm with city). The site currently has a 4,138 square foot triplex which is occupied. Current rents of $7,650 per month are far under market and offer an investor a value add opportunity.
The mixed use property is comprised of two separate entranced ground floor retail spaces with a Live Work Loft apartment upstairs, both of which will be delivered vacant. The property is situated in a prime Leimert Park location in a heavily trafficked retail corridor on Crenshaw Blvd., with an average of over 40,000 cars passing by the premises daily. The property provided great flexibility for an Owner/User who could either combine both retail units or occupy one, and rent the other. Ideal location for Retail or Office space tenants. The property has alley access to fenced parking, a two car garage, and additional parking in the open back yard of the property. Rooftop Billboard adds additional income.
Great Opportunity for Investment. Excellent Location on Alameda & 38th St. Good Tenant 3 Yrs Lease for Use Warehouse.\ Beautiful Free Standing Building with Six(6) Parking. Two(2) Bedroom Apt. on 2nd Floor(377 sf) with Shower.
Brookfield Partners is pleased to present a free standing building situated on 25,526 square foot lot. This building is currently being used as a Swap Meet and property could be delivered empty at close of escrow. The Tenants can remain MTM during entitlements or while the property is repositioned. The property has 21 swap meet tenants, a recycling company and an AT&T cell tower. These tenants provide an attractive income stream for an investor/developer, financials available to qualified Buyers and Agents, upon request. On the other hand, this is property ideal for an Owner-user who could purchase this building with 10% down payment (SBA Loans). The property is situated in a State Enterprise Zone and has low price per foot on land $55. An Investor or Developer can benefit from the lowered parking requirements in this designated area which will help when repositioning the asset or ground up development. Please do not disturb tenants, property could be toured with an appointment and Listing Agent will be present.
Brand New Construction. 10 individual duplexes. A full city block. Expected completion date 1-14-15. Sold as a package or Each duplex can be sold separately. Very nicely finished with quartz counter tops, ceramic tile, laminate wood flooring, and ceiling fans. Private off street parking. " This is the basic financial breakdown on the 10 Avalon duplexes. " 8 duplexes each building with two 1,300 sq ft 3br 2 bath units, Projected rent $1,900 per unit. " 2 duplexes each building with two 4br 3.5ba 1,600sq ft units. Projected rent $2,200 per unit. Offering price $4,540,000. Annual projected rent $470,400 " Projected annual expenses $94,080. Cap rate 8.3.