Jack London Retail - Units 202 & 204
Pending Lease and Owner-User Opportunity
Marketing description
Units 202 & 204 comprise a total of 4,000 SF, structured to accommodate an owner-user requirement. A pending lease is in place for approximately 49% of the footprint, securing rental income to offset debt service and HOA expenses. The remaining 51% is available for immediate occupancy. Following the passage of Senate Bill 304, the property is now eligible for medical, dental, and personal service uses previously restricted in this zone.
Investment highlights
The asset allows a buyer to occupy approximately 51% while retaining a tenant for the balance of the space, reducing net occupancy costs.
Effective January 2026, new legislation permits Medical, Dental, and Personal Service uses on the ground floor, expanding the pool of eligible occupants to include healthcare and professional services.
The pending NNN lease on the tenant portion establishes a market rental rate and demonstrates demand for the location
The unit is positioned directly below The Ellington, providing immediate access to residents of the 134-unit building who require local services.
Minimal Downpayment: Owner-users may qualify to purchase with up to a 95% LTV by utilizing a combination of transfer of in place loan, a small business loan, and seller financing. Sellers’ existing lender is open to transferring existing 50% LTV financing, subject to customer underwriting and lender approval.
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