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Mix Use Retail/ Multifamily

225-229 W. Florence Ave., Los Angeles, CA 90003

Broker: David Yashar

Phone number: (310) 724-8043

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No Storys:
2
Lot size:
7072
Building size:
6970
Cap rate:
7.65%
Last Updated 3 years ago

Description

2 story mixed use retail / residential property in Los Angeles for sale! The subject property consists of 6,970 SF building. Theoffering consists of 2 Retail stores that are currently occupied by a Maggie’ s Cabinets & 4 Apartments (all 2bd + 1ba) with 100%occupancy. Subject offers upside in rent to new buyer / investor.The offering is located off the major signalizedintersection of Florence Ave. & Broadway. There is excellent traffic count at the signalized intersection of Florence &Broadway; in excess of 45,000 cars on a daily basis. This location is blocks away from the 110 Harbor Freeway; thus providingexcellent freeway access. The Subject is west of cities of Huntington Park & South Gate.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.