$ 1,250,000
601 West 6th Street San Pedro, CA 90731
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Listed by Christopher Comfort • Apex Properties
$ 1,250,000
Est. payment | /mo
$ 1,250,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW-24143239
Year Built 1950
Annual Tax Amount $15,625
Property Description
The subject property is a 5,775 sf retail building situated on a corner lot consisting of 8,408 sf of land. The building is comprised of SIX small retail units that are easily leased due the affordable rent that can be offered to prospective tenants. The glass store front system gives the property added curb appeal and lots of natural light. Each unit has its own HVAC system, is separately metered for utilities, and each has its own restroom. The property also has a parking lot with five parking stalls. By achieving a modest rental rate of $1.85 gross (~ $1.38 NNN), the property will be generating an annual cap rate of 7.72%.
Location
State CA
County Los Angeles
Interior
Heating Forced Air
Laundry None
Building
Lot Description Rectangular Lot
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Darren Humphrey
Partner | Lic# DRE 01724424