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Sakura Noodle 620 E 7th St

7,500 SF Industrial Building Los Angeles, CA 90021 $1,830,000 ($244/SF) 5.32% Cap Rate

Investment Highlights

  • Good for investor or user
  • Concrete Construction, Fenced Yard
  • Triple Net Lease in place until Oct 2025
  • Downtown Los Angeles Location

Executive Summary

NNN Triple Net Leased Investment, 5.3% Cap Rate.
Occupancy for User/Owner by requesting tenant leave early.
Lease Expiration: 10/31/2025, with No Options.
Good for investor or 1031 exchange or user to occupy.
±7,500 SF Warehouse on ±8,724 SF Land. Fenced Parking in Rear and Gated Alley.
Concrete Block Warehouse built 1980, 18' High Roof, and 400 Amp 3 phase power.
1,200 SF Storage Mezzanine with forklift and stair access, included in 7,500 SF total.
2 Ground Level Loading Doors, in yard and on 7th St.
Neighborhood: Downtown Los Angeles Warehouse District Between the Fashion District & Arts District.
Asian Noodle Factory: Floor Drains, Gas Line, Drop Ceiling in Food Production / Processing area.
OM available upon request.

Attachments

620 E 7th St

Data Room Click Here to Access

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,830,000
Price Per SF $244
Sale Type Investment or Owner User
Cap Rate 5.32%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront
  • Industrial Food Processing
  • Industrial Manufacturing
Building Class C
Lot Size 0.20 AC
Rentable Building Area 7,500 SF
No. Stories 1
Year Built 1980
Tenancy Single
Parking Ratio 0.8/1,000 SF
Clear Ceiling Height 18 FT
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes

Amenities

  • Bus Line
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Rider's Paradise (95)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5146-033-055
Land Assessment
$163,189
Improvements Assessment
$384,434
Total Assessment
$547,623

zoning

Zoning Code LAM2
LAM2
  • Listing ID: 33644224

  • Date on Market: 10/25/2024

  • Last Updated:

  • Address: 620 E 7th St, Los Angeles, CA 90021

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