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    4401-4415 S Broadway Avenue

    Los Angeles (City), CA 90037
    • $4,750,000
    • STATUS: Active
    • ON SITE: 120 days
    • ID#: PW20077873
    $4,750,000
    • 0
      BEDS
    • 0.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 29,017
      SQFT
    • $164
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1921
    County:

    School Ratings & Info

    Description

    The subject property is a 2-story, multi-tenant mixed-used/Retail building. This 29,017 square foot value-add building sits on a 35,893 square foot lot. This corner lot sits at the busy, high-traffic intersections of Broadway and Vernon (physical address is 4401-4415 S. Broadway Ave. and 318-330 Vernon Avenue). The up-stair space contains 23 individual rooms, 3 storage spaces, 4 restrooms and 2 kitchens. This property sits on 2 lots with separate APN's (5110-003-002 & 5110-003-025) and is accessible from Vernon Avenue, with 46 parking spaces for its tenants and customers. This subject property is zoned QC2-1VL (Qualified General Commercial) that includes retail development and is also part of the Enterprise Zone (Governed by the Community Redevelopment Agency), which permits a wide range of general commercial uses, including the current use. This corner lot property is close to the 110 corridor, Dodger Stadium, The Colosseum, Downtown Los Angeles, The Staples Center, The Forum and The New Sofi Stadium where the Rams and Chargers will play in 2020.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-24T00:29:19.41. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

    www.tophomefinders.com/homes/106207704
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    4401-4415 S Broadway Avenue Los Angeles (City), CA 90037

    • Price: $4,750,000
    • Status: Active
    • ID#: PW20077873
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.82
    Acres
    29,017
    SQFT
    $164
    $/SQFT
    1921
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    The subject property is a 2-story, multi-tenant mixed-used/Retail building. This 29,017 square foot value-add building sits on a 35,893 square foot lot. This corner lot sits at the busy, high-traffic intersections of Broadway and Vernon (physical address is 4401-4415 S. Broadway Ave. and 318-330 Vernon Avenue). The up-stair space contains 23 individual rooms, 3 storage spaces, 4 restrooms and 2 kitchens. This property sits on 2 lots with separate APN's (5110-003-002 & 5110-003-025) and is accessible from Vernon Avenue, with 46 parking spaces for its tenants and customers. This subject property is zoned QC2-1VL (Qualified General Commercial) that includes retail development and is also part of the Enterprise Zone (Governed by the Community Redevelopment Agency), which permits a wide range of general commercial uses, including the current use. This corner lot property is close to the 110 corridor, Dodger Stadium, The Colosseum, Downtown Los Angeles, The Staples Center, The Forum and The New Sofi Stadium where the Rams and Chargers will play in 2020.
    Exterior Features

    Construction Materials BrickConcreteStucco Fence YN Yes Fencing Block Lot Features Corner LotLevel With StreetLot 20000-39999 SqftRectangular LotLevelNear Public TransitPavedValue In Land Lot Size Units Square Feet Parking Total 46.00 Roof CompositionFlatRolled/Hot Mop Uncovered Spaces 46.00

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels Description 5110003002 Additional Parcels YN Yes Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type BakeryBarber/BeautyBooks/Cards/StationaryChurchClothingGift ShopGroceryMixedMulti-TenantMusicRestaurantRetail Cap Rate 4.10 Country Us Current Financing Conventional Current Use Comments Retail/Office Tenant Building Electric Electricity - On Property Electric Expense 0.00 Exclusions All Tenant Belongings Expense Year 2019 Gross Scheduled Income 247500.00 Insurance Expense 12266.00 Investment Property YN Yes Land Lease YN No Land Use OfficeRetail Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Public Records Maintenance Expense 7063.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 194432.00 Number Of Units Leased 13 Occupancy Occupied Operating Expense 53067.00 Property Sub Type Retail Real Estate Tax Expense 13113.93 Retail Center Type Mixed Use Special Listing Conditions Standard Tax Annual Amount 13113.93 Tax Year 2019 Total Monthly Rent 20625 Trash Expense 0.00 Utilities Electricity ConnectedSewer ConnectedWater Connected Vacancy Allowance 7425 Vacancy Allowance Rate 5.00 Water Sewer Expense 13200.00 Water Source Public Year Built Source Public Records Zoning Lac2

    Listing provided courtesy of James Oronoz of Reliance Real Estate Services and Jacob Abeelen of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-24T00:29:19.41. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

     
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    Camargo & Wilson Realty Team | Realty ONE Group Southwest
    41463 Margarita Road, Suite 100
    Temecula CA, 92591