1901 S Alameda St 24,550 SF 68% Leased Retail Building Los Angeles, CA 90058 $11,497,370 CAD ($468.32 CAD/SF) 6.05% Cap Rate
EXECUTIVE SUMMARY
Please note documents includes phase 11 that a recent agent described as "clean," as well as rent roll and financials ending 12/31/2024. This is for now for 100% ownership of this property. Offer subject to 1st right of refusal by minority partner. Submit a verification of funds and preapproval letter, if applicable; Property is sold in "as is" condition, with no repairs or cash credits; Counter offers and/or any response to your offer submitted is not guaranteed. With numerous properties for sale, and the usual onslaught of lowball offers, the Seller will only respond to those offers that appear to be likely to result in a contract; Seller prefers no nominees or assignees. Signatures from all Buyers planning to be on title must be on the original purchase agreement.
Please submit an offer to Bill Gross's Office via: a. bill@TheLAProbateExpert.com ; b. Hand-delivery/messenger to EXP Realty of California Inc., 8383 Wilshire Blvd. #800, Beverly Hills, CA 90211. If hand delivered, confirm delivery via text and/or email.
Please submit an offer to Bill Gross's Office via: a. bill@TheLAProbateExpert.com ; b. Hand-delivery/messenger to EXP Realty of California Inc., 8383 Wilshire Blvd. #800, Beverly Hills, CA 90211. If hand delivered, confirm delivery via text and/or email.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
24,550 SF
Building Class
C
Year Built/Renovated
1930/1986
Price
$11,497,370 CAD
Price Per SF
$468.32 CAD
Cap Rate
6.05%
NOI
$695,260 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
1.19 AC
Opportunity Zone
Yes
Zoning
LAM2 - Light Industrial Zone
Parking
45 Spaces (1.42 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Base Rent plus CAM charges - Office Use, Print Shop, Art Studio, Medical Office, Alameda & Washington, Near 10 Freeway, Private Restrooms, Air Conditioning
| Space | Size | Space Use | Position | Available |
| 111-118 | 7,953 SF | Flex | - | Now |
111-118
| Size |
| 7,953 SF |
| Space Use |
| Flex |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5167-013-031 | Improvements Assessment | $5,756,470 CAD (2024) |
| Land Assessment | $7,035,685 CAD (2024) | Total Assessment | $12,792,155 CAD (2024) |
