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1901 S Alameda St

24,550 SF 68% Leased Retail Building Los Angeles, CA 90058 $7,990,000 ($325/SF) 6.05% Cap Rate

Executive Summary

This is for now for 100% ownership of this property. Offer subject to 1st right of refusal by minority partner.
See attached guideline document for full instructions. Seller Information: the Estate of Micheal Meraz; note: that is the correct spelling of the 1st name; Probate Case: 24STPB00578 ; Los Angeles County; Forms: Commercial / Industrial Listings; Commercial Purchase Agreement and Joint Escrow Instructions (CAR Form CPA Revised 7/24); 3D(1) Minimum EMD 3%; 3D(02) ; check and input Deposit raised by 7% after Buyer's contingencies completed (so we can request; court confirmation); 4A Property Addenda; check and include Probate Purchase Agreement Purchase Addendum (C.A.R. Form PA-PA; 4B Other Addenda; check and include Court Confirmation Addendum (C.A.R. Form CCA); and 4C Buyer and Seller Advisors; check and include Probate Advisory (C.A.R. Form PA).Submit a verification of funds and preapproval letter, if applicable; Property is sold in "as is" condition, with no repairs or cash credits; Counter offers and/or any response to your offer submitted is not guaranteed. With numerous properties for sale, and the usual onslaught of lowball offers, the Seller will only respond to those offers that appear to be likely to result in a contract; The Seller will deliver the property vacant or occupied as per the listing details but to be confirmed in the purchase contract, and the Buyer to check status before court confirmation to confirm and take responsibility; Seller prefers no nominees or assignees. Signatures from all Buyers planning to be on title must be on the original purchase agreement; Close of escrow shall occur within 10 days after receipt of court order confirming sale; The sale is contingent upon court confirmation; The Buyer will be responsible for repairs (if any) and the removal of all items that is left behind in the property, including they yard and garage; The Seller will pay for a natural hazard zone disclosure report; The Buyer Will pay for a smoke detector installation, water heater bracing, and/or any cost of compliance with any other minimum mandatory government retrofit standards, inspections, and report, if required by law; The Buyer and Seller will pay for their own escrow fees. The Escrow will be the Seller's choice; Seller will pay for an owner's title policy issued by the company of Seller's choice; Seller to pay county transfer tax or fee and city transfer tax or fee; Buyer will waive a Home Warranty or purchase at their own expense;
Please submit an offer to Bill Gross's Office via: a. bill@TheLAProbateExpert.com ; b. Hand-delivery/messenger to EXP Realty of California Inc., 8383 Wilshire Blvd. #800, Beverly Hills, CA 90211. If hand delivered, confirm delivery via text and/or email.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,550 SF
Building Class
C
Year Built/Renovated
1930/1986
Price
$7,990,000
Price Per SF
$325
Cap Rate
6.05%
NOI
$483,165
Percent Leased
68%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
1.19 AC
Opportunity Zone
Yes
Zoning
LAM2 - Light Industrial Zone
Parking
45 Spaces (1.42 Spaces per 1,000 SF Leased)
Frontage
381 FT on S Alameda St

Amenities

  • Signage
  • Signalized Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 111-118
  • 7,953 SF
  • Flex
  • -
  • Now

Base Rent plus CAM charges - Office Use, Print Shop, Art Studio, Medical Office, Alameda & Washington, Near 10 Freeway, Private Restrooms, Air Conditioning

Space Size Space Use Position Available
111-118 7,953 SF Flex - Now

111-118

Size
7,953 SF
Space Use
Flex
Position
-
Available
Now

111-118

Size 7,953 SF
Space Use Flex
Position -
Available Now

Base Rent plus CAM charges - Office Use, Print Shop, Art Studio, Medical Office, Alameda & Washington, Near 10 Freeway, Private Restrooms, Air Conditioning

Nearby Major Retailers

Burgerim
Smart & Final
Superior Grocers
Central Market
Planet Fitness
Farmer Boys
King Taco Restaurant Inc
Yoshinoya

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5167-013-031
Land Assessment
$4,921,092 (2024)
Improvements Assessment
$4,026,348 (2024)
Total Assessment
$8,947,440 (2024)
  • Listing ID: 32829174

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 1901 S Alameda St, Los Angeles, CA 90058

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