We scoured Los Angeles to find you this week’s best commercial listings.
Please note that this property has immediate upside. The tenants have indicated that they may be vacating the property, and are paying significantly below the market rent, and therefore there is immediate upside to this investment. The rent currently being paid by the tenants is $2.18 per square foot and the market rent is between $3-$4.00 a sq. foot triple net. Courtesy of Marcus & Millichap.
NEW LISTING | OFFICE | 1013-1015 EAST 8TH ST.
LISTED AT $1,899,000 | DOWNTOWN LOS ANGELES | 5,680 SF
The property was built in 1924 and features a beautiful masonry brick construction with high ceilings. The building has been siesmically reinforced. The building has in place income and owner-user availability. There are three separately metered office/studio units. Two units are located on the ground floor and one unit is located on the second floor. The second floor unit is leased as well as one of the two downstairs units. The downstairs units each feature high ceilings, open floor plans, skylights, and a restroom. The upstairs unit has original industrial style windows, lots of natural light and a small outside patio. This property has tremendous long term appreciation potential. Courtesy of Colliers International.
This is a wonderful opportunity to purchase a very well located industrial lot, just one block North of Pico Blvd and right by the 10 and 405 freeways in West Los Angeles. Courtesy of Marcus & Millichap.
NEW LISTING | MULTIFAMILY | 4538 ABBEY PL.
The options are endless. Occupy the breathtaking 4 bedroom/3.5 bathroom house with large enclosed yard and rent the other 4 bedroom/3 bathroom for a market rent of $4,900. OR, if you are an investor, rent out both units for a pro forma monthly gross income of $9,900 (a whopping $118,800 per year!). The cap rate fully rented is an incredible 5.39%. Whether you are an investor or owner occupier, this new construction property offers a strategic route to growing wealth exponentially while owning a luxurious, high quality, easy to maintain product. Courtesy of The 2-4 Unit Specialists.
NEW LISTING | MULTIFAMILY | 1059 SOUTH MANHATTAN PL.
Manhattan Apartments is a charming vintage building. The unit interiors have been renovated to provide the hip, urban living spaces that attract young millennial residents congregating in Koreatown’s urban core. Many renovated apartments offer refinished hardwood flooring, exposed brick walls, new appliances, granite countertops, designer light fixtures, ceiling fans, and pedestal sinks, among other improvements. Upper floor units also offer spectacular views of the city.
NEW LISTING | MULTIFAMILY | 14603 DELANO ST.
LISTED AT $3,350,000 | VAN NUYS | 19 UNITS | 4.70% CAP RATE
Air conditioning, intercom, balcony, courtyard, laundry facilities, gated property. Courtesy of City Wide Apartment Management.
NEW LISTING | RESTAURANT LEASE | 978 NORTH BROADWAY
CALL FOR PRICE | CHINATOWN | 3,000 SF
Located in Chinatown’ s Mandarin Plaza, the premiere culinary destination that highlights the best in traditional and innovative Asian cuisine. This is an asset sale which price includes FF&E. This 3,000 to 7,000 sq ft space features a spacious kitchen with brand new equipment, two full bars with an additional 1,000 SF of outdoor patio space. Remaining long term lease with low rate. Seller and landlord are looking for someone with a strong operating background to add to the growing, vibrant tenant mix. Motivated seller–Present an offer. Courtesy of Miren Inc.
For more information on these properties or similar ones, please feel free to contact us anytime.
PLG Estates, an independent member broker does not guarantee the accuracy of information provided. Buyer is advised to independently verify the accuracy of all information. Broker / Agent providing information may or may not have been the listing and/or selling Agent.