Listed by Major Properties
$4,000,000
3023 S Grand Avenue
Details
APN 5122-018-014,016
Property Type Retail, Mixed Use
Sub Type Commercial
Square Footage 14,711
Units 18
Cap Rate 4.29%
NOI $171,696
Pro-Forma Cap Rate 4.68%
Pro-Forma NOI $187,019
Price per SqFt $272
Year Built 1923
Stories 2
Lot Size (SqFt) 10,925
Zoning LA M1-2
Parking Spaces 8 spaces
Parking Per SqFt 0.54
Investment Type Owner/User
Retail | 4.29% CAP | 14,711 SqFt
Investment highlights
- Mixed use investment purchase opportunity
- 2-story building
- 5 ground floor retail stores and 13 second floor apartments
- $171,696 actual net annual income | 4.29% actual cap rate
- Heavy traffic location
- Northwest corner of Grand Avenue and 31st Street
- 109.25′ frontage on Grand Avenue and 100′ on 31st Street
- Just 3 blocks east of the USC Campus
- 1-mile south of the Santa Monica (I-10) Freeway and Downtown Los Angeles — 1-1/2 miles south of Crypto.com Arena and LA LIVE
Listing Contacts
Listed by Major Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,696.00
$14,308.00/mo
Valuation Metrics
0
DSCR
4.29%
Cap Rate
4.29%
ROI
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