508 W 104th St
Los Angeles, CA 90044

Floyd Shaheen and Jordan Epstein of Marcus & Millichap are pleased to present exclusively for sale 508 West 104th Street, a mixed-use property consisting of two structures. There are three retail units and a separate fully renovated four-unit apartment building. The 3,191 SF building is situated at the corner of W. 104th St. and S. Figueroa St, with a high traffic count of approximately 30,237 vehicles per day. This mixed-use asset rests on a 9,060 SF lot (0.21 Acres) and is an ideal opportunity for an owner user / investor to capitalize on the cash flow potential of the property. The property's retail units are fully occupied, but leases are on a month-to-month basis. The redeveloped 4-unit apartment building will be delivered completely vacant. All apartment units have been extensively rehabbed, including all new: copper plumbing, electrical systems, wall heaters, water resistant composite floors, stoves, ovens and granite counter tops. SBA financing is available. 508 W. 104th St. is situated in South Los Angeles with easy access to the 110 and 105 Freeways. Both retail and apartment units contain ample gated parking. For the first time in decades, billions of dollars are being spent on revitalizing the face of South Los Angeles. Major economic drivers like the new Purple Line Metro Extension, The Rams and Chargers NFL Stadium, and the refurbishing of the Hollywood Park Casino are clear signs of gentrification. The subject property is within minutes of the highly anticipated $4 billion dollar, 3.1 million-square-foot multipurpose venue, including an 80,000-seat stadium.