3842-3844 Slauson Ave, Los Angeles, CA 90043
3,026 SF | 100% Leased | Retail Building | Los Angeles, CA 90043 | $950,000 ($314/SF)
For Sale
Active
15 pictures
Asking Price $950,000
- Property Type
-
Retail
- Square Feet
- 3,026 SF
- Price / Square Foot
- $314
Listing Contacts
Devone Richard
Property Overview
Devone Richard Broker is pleased to present to market 3844 West Slauson Avenue, a mixed-use asset in Los Angeles, California on the border of the Windsor Hills and Hyde Park neighborhoods. The property is a 3,026-square foot 1932 construction with two office spaces and two retail spaces on a 5,663-square foot lot with nine surface parking spaces in the rear.
The building is vacant, making this an ideal owner/user opportunity or an excellent opportunity for an investor to reposition the property and lease the spaces at market rates on favorable lease terms. Based on market comparable, we estimate the office spaces could each lease for $2,000 per month and the retail spaces for $1,500 per month, totaling $7,000 of monthly rental income.
3844 West Slauson Avenue boasts great retail visibility along a major thoroughfare with traffic volume over 29,000 cars per day, as well as strong demographics with a one-mile population of 35,000 with an average household income over $99,000. Furthermore, the property is in an area that has seen numerous major development projects recently thanks to the new LAX/Crenshaw metro line; the nearest station is just a half-mile east.
The building is vacant, making this an ideal owner/user opportunity or an excellent opportunity for an investor to reposition the property and lease the spaces at market rates on favorable lease terms. Based on market comparable, we estimate the office spaces could each lease for $2,000 per month and the retail spaces for $1,500 per month, totaling $7,000 of monthly rental income.
3844 West Slauson Avenue boasts great retail visibility along a major thoroughfare with traffic volume over 29,000 cars per day, as well as strong demographics with a one-mile population of 35,000 with an average household income over $99,000. Furthermore, the property is in an area that has seen numerous major development projects recently thanks to the new LAX/Crenshaw metro line; the nearest station is just a half-mile east.
Property Details
- Class
- C
- Year Built
- 1932
- Stories
- 2
- Property Subtype
- Storefront Retail/Office, Loft/Creative Space
- Lot Size (sq. ft)
- 5,663 SF
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