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3853 E 3rd St

Los Angeles, CA 90063

$3,150,000

Freestanding For Sale  •  2,865 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 2,865 Sq Ft
  • Lot Size 0.55 ac
  • Building Class B
  • Year Built 2006
  • Cap Rate 4.30 %
  • Tenancy Multiple
  • Zoning C3-R2, County
59 Transit Score
71 Walk Score

Description

Two tenant retail center occupied by Starbucks and Metro PCS.  Starbucks has drive-thru and signed new 10 year lease extension that will start on 4/1/2017.

Located on busy thoroughfare of East Los Angeles with proximity to 60 Fwy and 710 Fwy.

Highlights

New 10 Year Lease Extension by Starbucks Coffee
10% Rental Rate Increase Every 5 Years
Four Additional Five Years Oprion with 10% Rental Rate Increase
Cap Rate: 4.30 %

Major Tenants

Tenant SF Occupied Lease End Date
Metro PCS 1,365 SF 7/1/2020
Starbucks 1,500 SF 3/1/2027

Amenities

  • Bus Line
  • Common-area parking only
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Cal State LA Commuter Rail (San Bernardino Line) 6 min - 3.6 mi
Union Station Commuter Rail (Ventura County, Antelope Valley, San Bernardino, Riverside, Orange County, 91 Lines) 9 min - 5.3 mi
Transit/SubwayDriveWalkDistance
Maravilla Transit Stop (Gold Line) 1 min 7 min 0.4 mi
Indiana Transit Stop (Gold Line) 1 min 10 min 0.5 mi
AirportDriveWalkDistance
Bob Hope Airport 25 min - 20.0 mi
Long Beach-Daugherty Field Airport 23 min - 20.4 mi
Los Angeles International Airport 27 min - 22.5 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
William Shin 213-999-2616 Golden Tree Realty
William Shin 213-999-2616 Golden Tree Realty