Newer 1991 Built! Retail Investment | 4376 S Western Ave
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!
Newer 1991 Built! Retail Investment 4376 S Western Ave
6,430 SF 69% Leased Retail Building Los Angeles, CA 90062 $2,950,000 ($459/SF) 4.35% Cap Rate
Investment Highlights
- Newer 1991 Year Built! 2-Story Retail/Office Shopping Center
- Heavy Traffic Signalized Corner Location
- Actual $128,468 NOI | 4.35% actual cap rate
Executive Summary
A newer property built in 1991! 6,430 sq ft, 2-story building: 18 parking spaces, signalized corner, 9,400 sq ft lot. 10 units
839 sq ft vacant retail space. Commercial investment purchase opportunity. Retail/office shopping center. 4 ground floor retail stores and 6 second floor offices.
$128,468 actual net annual income. 4.35% actual cap rate. 1 vacant ground floor unit.
Heavy traffic location at the intersection of 2 major thoroughfares. Northeast corner of Western Avenue and Vernon Avenue.
116' frontage on Western Avenue; 94' on Vernon Avenue. 1-1/3 miles west of the Harbor (110) Freeway and 2-1/4 miles south of the Santa Monica (I-10) Freeway.
839 sq ft vacant retail space. Commercial investment purchase opportunity. Retail/office shopping center. 4 ground floor retail stores and 6 second floor offices.
$128,468 actual net annual income. 4.35% actual cap rate. 1 vacant ground floor unit.
Heavy traffic location at the intersection of 2 major thoroughfares. Northeast corner of Western Avenue and Vernon Avenue.
116' frontage on Western Avenue; 94' on Vernon Avenue. 1-1/3 miles west of the Harbor (110) Freeway and 2-1/4 miles south of the Santa Monica (I-10) Freeway.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$176,388
|
$27.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$176,388
|
$27.43
|
| Taxes |
$37,500
|
$5.83
|
| Operating Expenses |
$10,420
|
$1.62
|
| Total Expenses |
$47,920
|
$7.45
|
| Net Operating Income |
$128,468
|
$19.98
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $176,388 |
| Annual Per SF | $27.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $176,388 |
| Annual Per SF | $27.43 |
| Taxes | |
|---|---|
| Annual | $37,500 |
| Annual Per SF | $5.83 |
| Operating Expenses | |
|---|---|
| Annual | $10,420 |
| Annual Per SF | $1.62 |
| Total Expenses | |
|---|---|
| Annual | $47,920 |
| Annual Per SF | $7.45 |
| Net Operating Income | |
|---|---|
| Annual | $128,468 |
| Annual Per SF | $19.98 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,430 SF
Building Class
C
Year Built
1991
Price
$2,950,000
Price Per SF
$459
Cap Rate
4.35%
NOI
$128,468
Percent Leased
69%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.68
Land Acres
0.22 AC
Opportunity Zone
Yes
Zoning
LA C2-2D-CPIO
Parking
18 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Fenced Lot
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 5021-024-040 | Total Assessment | $1,922,926 (2024) |
| Land Assessment | $1,240,231 (2024) | Annual Taxes | $37,500 ($5.83/SF) |
| Improvements Assessment | $682,695 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5021-024-040
Land Assessment
$1,240,231 (2024)
Improvements Assessment
$682,695 (2024)
Total Assessment
$1,922,926 (2024)
Annual Taxes
$37,500 ($5.83/SF)
Tax Year
2023
-
Ron Kim -
Tony Kim -
Major Properties
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Newer 1991 Built! Retail Investment | 4376 S Western Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.