1277 Cypress Ave, Los Angeles, CA 90065
2,143 SF | 100% Leased | Retail Building | Los Angeles, CA 90065 | $658,000 ($307/SF) | 5.74% Cap Rate
For Sale
Active
11 pictures
Asking Price $658,000
- Property Type
-
Retail
- Square Feet
- 2,143 SF
- Price / Square Foot
- $307
Listing Contacts
Property Overview
The freestanding corner retail building located at 1277-1279 Cypress Avenue offers a rare opportunity to invest in the highly profitable Los Angeles retail market. The property is fully leased by Town (a pizzeria) and Folklore Salon and Barber, and offers tenant parking in the rear. Positioned strategically along bustling Cypress Avenue, a main retail corridor in the Mount Washington/Cypress Park area of the city, the property benefits from close proximity to a number of local restaurant and retailers including Loquat Coffee, Barra Santos, 1802 Roasters, and Saint-Raf Bagels. In addition, it is less than a mile from Rio de Los Angeles State Park and Interstate 5.
Property Details
- Class
- C
- Year Built
- 1926
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 3,049 SF
Highlights
- ±2,143 SF fully leased storefront retail
- Excellent visibility on high-traffic Cypress Avenue (±15,000 VPD)
- Tenant parking in rear
- Situated at the base of Mount Washington with excellent access to residential clientele
- Property benefits from synergistic local retailers along Cypress Avenue
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