Newer Construction Mixed-Use Building | 7607 Main St
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Newer Construction Mixed-Use Building 7607 Main St
7,784 SF 49% Leased Retail Building Los Angeles, CA 90003 $1,600,000 ($206/SF) 7.38% Cap Rate
Investment Highlights
- 2014 construction for 2nd story apartments
- 50' of frontage on Main St
- Retail portion over 51% allowing for up to 90% SBA financing for an owner-user
- 3 vacant retail units / 5 vacant storage units / 5 apartment units
- 400 phase power
- Over 19,000 daily vehicle count
Executive Summary
Price improvement! Kidder Mathews is pleased to present for sale a mixed-use retailresidential building located on a highly trafficked section of Main Street
in South Los Angeles. The offering consists of 3 vacant storefront retail units and a second story that was built in 2014, comprised of 5 apartment units (two 2 bed 2 bath and three 1 bed 1 bath units).
There are also 5 vacant storage units of approximately 400 square feet each on the ground floor, originally built as an additional storage space for the retail tenants. The gated rear parking lot consists of 6 parking spaces.
The apartment units are not subject to City of L.A. rent control. The building also benefits from 400 amp power and a solar energy system.
in South Los Angeles. The offering consists of 3 vacant storefront retail units and a second story that was built in 2014, comprised of 5 apartment units (two 2 bed 2 bath and three 1 bed 1 bath units).
There are also 5 vacant storage units of approximately 400 square feet each on the ground floor, originally built as an additional storage space for the retail tenants. The gated rear parking lot consists of 6 parking spaces.
The apartment units are not subject to City of L.A. rent control. The building also benefits from 400 amp power and a solar energy system.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,784 SF
Building Class
C
Year Built/Renovated
1925/2014
Price
$1,600,000
Price Per SF
$206
Cap Rate
7.38%
NOI
$118,125
Percent Leased
49%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.15 AC
Zoning
C2, Los Angeles - Commercial Store Combination - Store & Residential
Parking
6 Spaces (0.77 Spaces per 1,000 SF Leased)
Frontage
50 FT on Main St
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6031-013-012 | Improvements Assessment | $668,482 |
| Land Assessment | $211,268 | Total Assessment | $879,750 |
PROPERTY TAXES
Parcel Number
6031-013-012
Land Assessment
$211,268
Improvements Assessment
$668,482
Total Assessment
$879,750
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Newer Construction Mixed-Use Building | 7607 Main St
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