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3626 E CESAR E CHAVEZ AVE

Los Angeles , California 90063

Listing Type:
For Sale
Listing Price:
$895,000.00
Property Type:
Retail
Property Subtype:
Retail Pad
Year Built:
1923
Listing Status:
Active
Building Size:
2482 SqFt
Land Area:
0.08 Acres

Description:

KW Commercial is pleased to present this 2,482 two Tenant Retail Pad building. It sits adjacent to the Highly trafficked Superior Grocers, which sits on approximately 2.4 Acres.
Its corner location provides excellent frontage with approximately 50 feet along Cesar E Chavez Ave. & 60 feet along Eastman Ave.
This pad consists of two tenants; a Bakery & a Restaurant. Both tenants are on a lease thru 2022 with (2) 3-year options at fixed rates.
This offering will attract an investor looking to own a corner located retail pad building with long term tenants on a major commercial thoroughfare with a 6.5% Cap Rate on Existing Income!!!
• APPROXIMATELY 2,482 SF RETAIL PAD BUILDING ADJACENT TO THE BOYLE HEIGHTS AREA OF LOS ANGELES.
• TWO TENANTS: RESTAURANT & BAKERY.
• SHARES A LOT WITH SUPERIOR GROCERS.
• 6.5% CURRENT CAP RATE ON EXISTING INCOME!!!
• EASY ACCESS TO LOCAL TRANSPORTATION; WALKING DISTANCE TO THE 68, 770 & 665 BUS STOPS, AND 1/2 A MILE FROM THE METRO YELLOW LINE.
• EXCELLENT DEMOGRAPHICS: OVER 55,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & OVER 300,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.

Presented by:

David  Yashar

Director

(310) 724-8043

(310) 710-5626

Click here to email

Listed by:

Keller Williams Realty Westside

L.A. Westside

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