1118 Firestone Blvd, Los Angeles, CA 90001
4,000 SF | Retail Building | Los Angeles, CA 90001 | $649,000 ($162/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $649,000
- Property Type
-
Retail
- Square Feet
- 4,000 SF
- Price / Square Foot
- $162
Listing Contacts
Oron Maher
Verified Profile
Nicole Lu
Verified Profile
- Property Info
Property Overview
We are pleased to present this unique opportunity to purchase a +/- 4,000 square foot retail building. The building is situated on a +/- 4,290 square foot lot, zoned LCC3 and located in South Los Angeles. Can be delivered vacant or with LOI's in hand offering an approximate 7.7% in-place cap rate upon purchase. Successful Hardware Store with an Estimated $360,000 in equipment sold with Property (no cost for inventory to successful Buyer). Perfect for Owner-User/Investor. Strategically positioned between 7-Eleven and El Super (rapidly expanding supermarket chain), the subject property enjoys prime visibility and accessibility. Just east of Firestone Blvd and Central Ave, this intersection is the main retail corridor serving the surrounding 53,000 single-family homes with an average of 4.2 persons per household in a 2-mile radius. From national brands like KFC, Taco Bell, Family Dollar, Church's, and Burger King, to local services like laundry, auto repair, florist, barbershop, mobile phone provider, and church, 1118 Firestone is in the center of it all.
Property Details
- Class
- C
- Year Built
- 1949
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 4,356 SF
Highlights
- Can be sold or leased with all Hardware Store equipment in place. Former hardware store run at this site for 44 years and $56K/month in revenue.
- Also available for lease for $4,800/Month Modified Gross
- The building is situated on a +/-4,290 SF lot zoned LCC3
- Strategically positioned between 7-Eleven and El Super (rapidly expanding supermarket chain)
- KFC, Taco Bell, Family Dollar, Church's, Burger King, laundry, auto repair, florist, barbershop, mobile phone provider and a church within 2 blocks
- Just east of Firestone Blvd and Central Ave, a main retail corridor serving the surrounding 53,000 single-family homes
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