4005 W 3rd St | Los Angeles, CA 90020
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This Retail Property is no longer advertised on LoopNet.com.
4005 W 3rd St
Los Angeles, CA 90020
Retail Property For Sale
Investment Highlights
- Located at the signalized intersection of major north-south arterial - Normandie Avenue - and major east-west arterial - Third Street
- Single tenant net lease; Highly visible and large monument pole signage; Easy access on Third St. and Normandie Ave.
- Submarket vacancy rate estimated below 3.9%; Potential for hedge against inflation
- Fair market rent adjusted in 2025 (Estimated stabilized cap rate of 6.85%); Long term tenancy and future development potential
- Walk Score of 92 - Walker’s Paradise; Nearly ±50,000 CPD at intersection
- Incredibly dense local residential market
PROPERTY FACTS
Property Type
Retail
Building Size
5,732 SF
Building Class
B
Year Built
1995
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.35 AC
Zoning
LAC2 - Commercial
Parking
21 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
- 201 FT on West 3rd Street
- 141 FT on South Normandie Avenue
PROPERTY TAXES
Parcel Number | 5518-001-029 | Improvements Assessment | $765,000 |
Land Assessment | $2,754,000 | Total Assessment | $3,519,000 |
PROPERTY TAXES
Parcel Number
5518-001-029
Land Assessment
$2,754,000
Improvements Assessment
$765,000
Total Assessment
$3,519,000
Learn More About Investing in Retail Properties
Listing ID: 27529181
Date on Market: 1/17/2023
Last Updated:
Address: 4005 W 3rd St, Los Angeles, CA 90020
The Retail Property at 4005 W 3rd St, Los Angeles, CA 90020 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
Retail PROPERTIES IN NEARBY NEIGHBORHOODS
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- South Central LA Retail Space
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- Chandler Park Retail Space
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