$ 3,190,000
-
$3,190,000
Price -
0
Bed -
0
Bath -
10,175
SqFt
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About the Listing CLW-X78553 - CLW-C101175
On behalf of ownership, we are pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest of 1427-1431 S Atlantic Blvd, East Los Angeles, CA 90022 (the "Property"). The Property consists of a 10,175 SF building on a 0.53 acre (23,101 SF) parcel of land. The Property is leased to East Los Angeles Women's Center. The tenant receives government grants, which subsidizes a significant portion of the rent. However, the tenant is operating under an existing lease with one (1) year left of term and no options. This allows an investor to collect rent while re-tenanting the property, or securing permits and entitlements for a redevelopment.The Property boasts outstanding frontage along Atlantic Blvd, a highly trafficked thoroughfare located just off the Interstate 5 Freeway, which sees more than 232,000 vehicles per day, and close to the 710 Freeway. With ample on-site gated parking and access, the Property provides an easy destination experience for customers. The area surrounding the Property is comprised predominantly of single-family housing, retail and industrial properties.The Property is a half mile north from Citadel Outlets, an expansive shopping center anchored by Disney Store, Starbucks, Nike, Puma, Chipotle, Converse, Auntie Anne's, Vans, GUESS, Sketchers, Ruby's Diner, Coach, Tommy Hilfiger, H&M, Under Armour, GAP, and other national many retailers.Similarly, the Property is half a mile south of Commerce Center, another expansive shopping center anchored by Target, Ross Dress for Less, WaBa Grill, Starbucks, Regency Theaters and several other national retailers.Given the Property's close proximity to several national retailers, strong traffic counts, dense infill location and easy access to the I-5 and 710 freeways it makes an ideal redevelopment and/or re-tenanting investment opportunity. Freeway adjacent properties with redevelopment potential rarely become available in Southern California.
Listing Highlights
Status
Active
Days on Site
20
Property Type
Commercial Sale
MLS ®
26663999
Year Built
1960
Total Square Footage
10,175
Lot/Acreage
0.53
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 28
- Zoning: LCC3*
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5245026009
- Tax Year: N/A
Payment Calculator
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Questions About..
1427 S Atlantic Boulevard East Los Angeles, CA 90022
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