10K+ SF Retail-Great Owner User or Redev Opp | 1427-1431 S Atlantic Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
10K+ SF Retail-Great Owner User or Redev Opp 1427-1431 S Atlantic Blvd
10,175 SF Retail Building Los Angeles, CA 90022 $4,521,729 CAD ($444 CAD/SF)
Investment Highlights
- Small Box Redevelopment/Re-Tenanting Opportunity on primary thoroughfare in Los Angeles County. – Current tenant has one (1) year left of term.
- Visible Pylon Signage – The Property benefits from strong visibility from all directions.
- Immediately adjacent to the I-5 and less than mile from the 710. Freeway adjacent properties with redevelopment potential rarely become available.
- Potential Uses - Potential uses that may be a good fit are, Retail and Multi Family development with potential large density bonus for afford housing
- Direct Residential Consumer Base - Strong Demographics in 5 Mile Trade Area, with 710,581 Residents and an Average Household Income of $94,918
- Strong retail corridor with mult national retailers in the immediate area, like Disney Store, Starbucks, Nike, Target, Ross Dress for Less, and more
Executive Summary
Contact Broker for OM.
Oakmore, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest of 1427-1431 S Atlantic Blvd, East Los Angeles, CA 90022 (the “Property”). The Property consists of a 10,175 SF building on a 0.53 acre (23,101 SF) parcel of land. The Property is leased to East Los Angeles Women’s Center. The tenant receives government grants, which subsidizes a significant portion of the rent. However, the tenant is operating under an existing lease with one (1) year left of term and no options. This allows an investor to collect rent while re-tenanting the property, or securing permits and entitlements for a redevelopment.
The Property boasts outstanding frontage along Atlantic Blvd, a highly trafficked thoroughfare located just off the Interstate 5 Freeway, which sees more than 232,000 vehicles per day, and close to the 710 Freeway. With ample on-site gated parking and access, the Property provides an easy destination experience for customers. The area surrounding the Property is comprised predominantly of single-family housing, retail and industrial properties.
The Property is a half mile north from Citadel Outlets, an expansive shopping center anchored by Disney Store, Starbucks, Nike, Puma, Chipotle, Converse, Auntie Anne’s, Vans, GUESS, Sketchers, Ruby's Diner, Coach, Tommy Hilfiger, H&M, Under Armour, GAP, and other national many retailers.
Similarly, the Property is half a mile south of Commerce Center, another expansive shopping center anchored by Target, Ross Dress for Less, WaBa Grill, Starbucks, Regency Theaters and several other national retailers.
Given the Property’s close proximity to several national retailers, strong traffic counts, dense infill location and easy access to the I-5 and 710 freeways it makes an ideal redevelopment and/or re-tenanting investment opportunity. Freeway adjacent properties with redevelopment potential rarely become available in Southern California.
Oakmore, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest of 1427-1431 S Atlantic Blvd, East Los Angeles, CA 90022 (the “Property”). The Property consists of a 10,175 SF building on a 0.53 acre (23,101 SF) parcel of land. The Property is leased to East Los Angeles Women’s Center. The tenant receives government grants, which subsidizes a significant portion of the rent. However, the tenant is operating under an existing lease with one (1) year left of term and no options. This allows an investor to collect rent while re-tenanting the property, or securing permits and entitlements for a redevelopment.
The Property boasts outstanding frontage along Atlantic Blvd, a highly trafficked thoroughfare located just off the Interstate 5 Freeway, which sees more than 232,000 vehicles per day, and close to the 710 Freeway. With ample on-site gated parking and access, the Property provides an easy destination experience for customers. The area surrounding the Property is comprised predominantly of single-family housing, retail and industrial properties.
The Property is a half mile north from Citadel Outlets, an expansive shopping center anchored by Disney Store, Starbucks, Nike, Puma, Chipotle, Converse, Auntie Anne’s, Vans, GUESS, Sketchers, Ruby's Diner, Coach, Tommy Hilfiger, H&M, Under Armour, GAP, and other national many retailers.
Similarly, the Property is half a mile south of Commerce Center, another expansive shopping center anchored by Target, Ross Dress for Less, WaBa Grill, Starbucks, Regency Theaters and several other national retailers.
Given the Property’s close proximity to several national retailers, strong traffic counts, dense infill location and easy access to the I-5 and 710 freeways it makes an ideal redevelopment and/or re-tenanting investment opportunity. Freeway adjacent properties with redevelopment potential rarely become available in Southern California.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
10,175 SF
Building Class
C
Year Built
1955
Price
$4,521,729 CAD
Price Per SF
$444 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.53 AC
Zoning
LCC3
Parking
36 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Air Conditioning
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,838,776 CAD | |
| Land Assessment | $641,653 CAD | Total Assessment | $2,480,429 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$641,653 CAD
Improvements Assessment
$1,838,776 CAD
Total Assessment
$2,480,429 CAD
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
10K+ SF Retail-Great Owner User or Redev Opp | 1427-1431 S Atlantic Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.