Multi-Tenant Retail | West Adams Neighborhood | 4557-4575 W Adams Blvd
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Multi-Tenant Retail | West Adams Neighborhood 4557-4575 W Adams Blvd
10,312 SF 100% Leased Retail Building Los Angeles, CA 90016 $3,500,000 ($339/SF)
Investment Highlights
- Multi-Tenant Retail | Creative Flex-Space | Fully Licensed Auto Body/Auto Repair
- Tier 2 TOC | ED-1 100% Affordable Housing Future Redevelopment
- Centrally located in the highly sought after Mid-City Corridor
- Value Add | Major Upside in Rents | All Tenants Month to Month Leases
- Potential for on-site secured parking
- Easy access to the 10, 110, and 405 Freeways
Executive Summary
Floyd Shaheen of Marcus & Millichap and Vaun Lennon and Robert Clifford of Lee & Associates West LA have been selected to exclusively market for sale 4557-4575 West Adams Boulevard, a 10,312 square foot, multi-tenant retail storefront/creative-flex space, and a fully licensed auto-body/auto repair ideally located in the highly sought-after West Adams Neighborhood.
Two contiguous parcels combine for 16,237 square feet of land block to block between Buckingham Road and Virginia Road. West Adams Boulevard in Mid-City is one of the most in demand neighborhoods in Los Angeles that has had a rich history as an epi-center for creativity and commerce. The irreplaceable location is within minutes of the Culver City downtown revitalization and downtown Los Angeles. There are 15-18 FT ceilings, mezzanine space, the roof has been upgraded, and two billboards. All current tenants are on month-to-month leases. This is a rare opportunity to acquire a value-add multi-tenant retail building with the potential to develop on-site secured parking in an area experiencing extensive growth and development.
4557-4575 West Adams Boulevard, presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Open space with high ceilings/sky lights, multiple entry points to the building, future development potential, and a centralized location combine to offer unlimited flexibility with this property. There is major upside in the rents allowing the opportunity for a value-add investor to create immediate value. The property is also well positioned for an owner/user to take advantage of SBA financing. The West Adams rental market has experienced significant growth and offers outstanding long-term returns for investors. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be verified by buyer.
Two contiguous parcels combine for 16,237 square feet of land block to block between Buckingham Road and Virginia Road. West Adams Boulevard in Mid-City is one of the most in demand neighborhoods in Los Angeles that has had a rich history as an epi-center for creativity and commerce. The irreplaceable location is within minutes of the Culver City downtown revitalization and downtown Los Angeles. There are 15-18 FT ceilings, mezzanine space, the roof has been upgraded, and two billboards. All current tenants are on month-to-month leases. This is a rare opportunity to acquire a value-add multi-tenant retail building with the potential to develop on-site secured parking in an area experiencing extensive growth and development.
4557-4575 West Adams Boulevard, presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Open space with high ceilings/sky lights, multiple entry points to the building, future development potential, and a centralized location combine to offer unlimited flexibility with this property. There is major upside in the rents allowing the opportunity for a value-add investor to create immediate value. The property is also well positioned for an owner/user to take advantage of SBA financing. The West Adams rental market has experienced significant growth and offers outstanding long-term returns for investors. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be verified by buyer.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
10,312 SF
Building Class
C
Year Built
1938
Price
$3,500,000
Price Per SF
$339
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.64
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
C2-1VL-CPIO
Amenities
- Skylights
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $80,803 | |
| Land Assessment | $135,707 | Total Assessment | $216,510 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$135,707
Improvements Assessment
$80,803
Total Assessment
$216,510
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Multi-Tenant Retail | West Adams Neighborhood | 4557-4575 W Adams Blvd
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