100% Leased Retail Silver Lake / Sunset Junct | 1005 N Madison Ave
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100% Leased Retail Silver Lake / Sunset Junct 1005 N Madison Ave
6,877 SF 74% Leased Retail Building Los Angeles, CA 90029 $4,800,000 ($698/SF) 6.04% Cap Rate
Investment Highlights
- 100% leased creative commercial building, ideally located on the edge of Silver Lake in Virgil Village
- Each unit has a glass store-front entrance and private back entrance, kitchen hookups and private bathrooms
- Steps away from Santa Monica Blvd in East Hollywood & on the edge of Silver Lake, Madison Lofts offers easy access to several popular local amenities
- Seller recently invested $1M+- renovating the property to include new HVAC, plumbing, electrical, flooring, windows, lighting, doors and fixtures
- Excellent Southern California location in the Silver Lake / Sunset Junction Submarket of Los Angeles, CA
- Infill Location / Extremely Dense - There are over 1,124,056 people living within a 5-mile radius of the property, with over 613,681 employees
Executive Summary
BLVD Real Estate Investment Co., Inc. is pleased to offer for sale, the fee simple interest in Madison Lofts, a recently renovated and fully occupied multi-tenant retail center located within the affluent and exclusive area of Silver Lake / Virgil Village in Los Angeles, CA.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,877 SF
Building Class
C
Year Built/Renovated
1925/2021
Price
$4,800,000
Price Per SF
$698
Cap Rate
6.04%
NOI
$289,920
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.79
Land Acres
0.20 AC
Opportunity Zone
Yes
Zoning
LAR3-1 - Commercial
Frontage
37 FT on North Madison Avenue
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Metro/Subway
- Security System
- Tenant Controlled HVAC
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1013&1015
- 1,768 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1013&1015 | 1,768 SF | Office | - | Now |
1013&1015
| Size |
| 1,768 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5539-003-006 | Improvements Assessment | $725,086 (2024) |
| Land Assessment | $1,784,828 (2024) | Total Assessment | $2,509,914 (2024) |
PROPERTY TAXES
Parcel Number
5539-003-006
Land Assessment
$1,784,828 (2024)
Improvements Assessment
$725,086 (2024)
Total Assessment
$2,509,914 (2024)
-
Nick D'Argenzio -
Tom Chichester -
Blvd Real Estate Investment Co.
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100% Leased Retail Silver Lake / Sunset Junct | 1005 N Madison Ave
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