1901 S Alameda St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
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.
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
- Operating and Financials
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
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
Amenities
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
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
PROPERTY TAXES
Parcel Number | 5167-013-031 | Improvements Assessment | $4,026,348 (2024) |
Land Assessment | $4,921,092 (2024) | Total Assessment | $8,947,440 (2024) |
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)
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1901 S Alameda St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.