12429 Avalon Blvd | Los Angeles, CA 90061
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- LoopNet Team
12429 Avalon Blvd
Los Angeles, CA 90061
Social Security Administration · Office Property For Sale
Investment Highlights
- Recent Lease Extension – In 2017 the Social Security Administration renewed their lease for an additional 10 years
- Below Replacement Cost – This property is listed for less than $400/SF which is below replacement cost
- Heavy Traffic Counts – Avalon Blvd sees over 20,000 vehicles per day
- Below Market Rent – Current rent at this location is approximately $32/SF which is below the current market rent of $41 per CoStar
- Densely Populated Area – There are over 964,800 residents living in a 5-mile radius
- Government Backed Lease – Lease is backed by the federal government which is considered AAA credit
PROPERTY FACTS
Property Type
Office
Building Size
16,600 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Typical Floor Size
16,600 SF
Building FAR
0.47
Lot Size
0.81 AC
Zoning
LCM1-B1-R1 - Limited industrial
Parking
42 Spaces (2.53 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 6086-018-020 | Improvements Assessment | $1,975,531 |
| Land Assessment | $443,181 | Total Assessment | $2,418,712 |
PROPERTY TAXES
Parcel Number
6086-018-020
Land Assessment
$443,181
Improvements Assessment
$1,975,531
Total Assessment
$2,418,712
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