3450 6Th St, Los Angeles, CA 90020
14,344 SF | 100% Leased | Retail Building | Los Angeles, CA 90020 | $19,000,000 ($1,325/SF) | 4.93% Cap Rate
For Sale
Active
Asking Price $19,000,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 14,344 SF
- Price / Square Foot
- $1,325
Listing Contacts
Property Overview
Coldwell Banker Commercial Realty and WESTMAC Commercial Brokerage Company are delighted to present an exclusive opportunity to aquire Kenmore Plaza located at 3450 W. 6th St., a strategically positioned strip center at the heart of Los Angeles’ dynamic Koreatown neighborhood. Encompassing 14,344 square feet of building space on a generous 26,335 square feet of land, this trophy asset stands as a prime investment.
Currently fully leased, the building accommodates long-term mom-and-pop tenants dedicated to serving the local community and now with the surge of positive social media coverage of the Koreatown culinary scene, it has been attracting new food enthusiasts from diverse non-local communities. With most tenants subject to annual 5% rent escalations, this property ensures a reliable and growing income strategically positioned in the most sought after block in Koreatown. This vibrant junction of W. 6th St. and Kenmore is surrounded by flourishing culinary and nightlife hotspots, witnesses a robust traffic volume of 44,326.
Kenmore Plaza is an exceptional opportunity for buyers aiming to establish a presence in Koreatown’s highly coveted submarket in the hottest retail block. Moreover, the property is zoned LAC2 and falls within the Tier 3 zone of TOC guidelines, positioning it ideally for developers looking to participate in the neighborhood’s ongoing development surge.
The prime location of 3450 W. 6th St. within this bustling neighborhood makes it a compelling prospect for acquiring a retail strip center. Don’t miss out on this exciting opportunity to be part of Koreatown’s dynamic growth and development.
For OM and Rent Roll, please click on the following link: http://www.3450w6thst.com/
Currently fully leased, the building accommodates long-term mom-and-pop tenants dedicated to serving the local community and now with the surge of positive social media coverage of the Koreatown culinary scene, it has been attracting new food enthusiasts from diverse non-local communities. With most tenants subject to annual 5% rent escalations, this property ensures a reliable and growing income strategically positioned in the most sought after block in Koreatown. This vibrant junction of W. 6th St. and Kenmore is surrounded by flourishing culinary and nightlife hotspots, witnesses a robust traffic volume of 44,326.
Kenmore Plaza is an exceptional opportunity for buyers aiming to establish a presence in Koreatown’s highly coveted submarket in the hottest retail block. Moreover, the property is zoned LAC2 and falls within the Tier 3 zone of TOC guidelines, positioning it ideally for developers looking to participate in the neighborhood’s ongoing development surge.
The prime location of 3450 W. 6th St. within this bustling neighborhood makes it a compelling prospect for acquiring a retail strip center. Don’t miss out on this exciting opportunity to be part of Koreatown’s dynamic growth and development.
For OM and Rent Roll, please click on the following link: http://www.3450w6thst.com/
Property Details
- Class
- B
- Year Built
- 1988
- Stories
- 1
- Lot Size (sq. ft)
- 26,572 SF
Highlights
- Prime Retail Center in the Hottest Retail Block in Koreatown on W 6th St.
- 4.93% Cap - NNN
- 5% Rent Escalation For Most Tenants
- Desirable Location with Historically Low Vacancy
- Zoned LAC2 - Tier 3 zone of TOC : Potential Development Opportunity
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].