1660 W Adams Blvd
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1660 W Adams Blvd
18,924 SF 100% Leased Retail Building Los Angeles, CA 90007 $8,500,000 ($449/SF) 4.73% Cap Rate
Investment Highlights
- First Time to Market for this High Visibility and High Traffic Area
- High Demand for Retail Space
- Below market lease rates and short terms provide opportunities to increase NOI quickly
Executive Summary
Exceptional retail investment opportunity in the vibrant city of Los Angeles for the first time in 35 years! This ±18,924 SF retail center, situated on a substantial ±46,817 SF lot across three parcels, features ±169 feet of prime frontage along W. Adams Blvd, spanning nearly an entire block. The building is valued at $5,500,000.00 with two adjacent parking lots valued at $2,000,000.00 and $1,000,000.00 respectively. Located just 1.5 miles from the prestigious University of Southern California, the property provides unparalleled visibility and convenience with four points of ingress/egress. This retail center is zoned C2 & RD2 - C2-1VL-O-HPOZ-CPIO & RD2-1-O-HPOZ | State
Enterprise Zone | Tier 1 TOC. Highlights include prime location with high traffic exposure, diverse income streams from multiple tenants, and strong potential for appreciation and value growth in a dynamic Los Angeles neighborhood. Listed at $8,500,000.
Enterprise Zone | Tier 1 TOC. Highlights include prime location with high traffic exposure, diverse income streams from multiple tenants, and strong potential for appreciation and value growth in a dynamic Los Angeles neighborhood. Listed at $8,500,000.
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$518,962
|
$27.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$518,962
|
$27.42
|
| Taxes |
-
|
-
|
| Operating Expenses |
$117,146
|
$6.19
|
| Total Expenses |
$117,146
|
$6.19
|
| Net Operating Income |
$401,816
|
$21.23
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $518,962 |
| Annual Per SF | $27.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $518,962 |
| Annual Per SF | $27.42 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $117,146 |
| Annual Per SF | $6.19 |
| Total Expenses | |
|---|---|
| Annual | $117,146 |
| Annual Per SF | $6.19 |
| Net Operating Income | |
|---|---|
| Annual | $401,816 |
| Annual Per SF | $21.23 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
18,924 SF
Building Class
C
Year Built
1982
Price
$8,500,000
Price Per SF
$449
Cap Rate
4.73%
NOI
$401,816
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
1.07 AC
Zoning
C2 & RD2 - C2-1VL-O-HPOZ-CPIO & RD2-1-O-HPOZ | State Enterprise Zone | Tier 1 TOC
Parking
44 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,747,096 (2024) | |
| Land Assessment | $1,177,867 (2024) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $1,569,229 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,177,867 (2024)
Improvements Assessment
$1,569,229 (2024)
Total Assessment
$2,747,096 (2024)
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
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1660 W Adams Blvd
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