5405 S Figueroa St | Los Angeles, CA 90037
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- LoopNet Team
5405 S Figueroa St
Los Angeles, CA 90037
True Value-Add Strip Mall Opportunity In L.A. · Retail Property For Sale
Investment Highlights
- A freestanding ±11,544 square foot L-shaped strip mall on .53-acres offers 26 parking spaces and large pylon signage in Los Angeles.
- The property is anchored by two long-term corporate tenants Domino's and 7-Eleven.
- The property is off I-110 making the commute to Downtown LA a 10-minute drive.
- This true value-add opportunity offers investors or owner-user the ability to capture market rents and significant upside on vacant units.
- The strip mall sits on a signalized corner Location that sees over 42,505 daily vehicles and is accessible from W 54th St and S Figueroa St.
- Located in a densely populated and urban area with a population of over 1,244,984 within five miles of the property.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,544 SF
Building Class
C
Year Built
1986
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.54 AC
Zoning
C2-1, Los Angeles - Neighborhood Commercial
Parking
22 Spaces (1.91 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 5001-024-034 | Improvements Assessment | $1,109,572 |
| Land Assessment | $2,589,021 | Total Assessment | $3,698,593 |
PROPERTY TAXES
Parcel Number
5001-024-034
Land Assessment
$2,589,021
Improvements Assessment
$1,109,572
Total Assessment
$3,698,593
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