sq ft: 9,800
Commercial, Creative/Flex, Office, Retail
Updated on April 25, 2024 at 10:39 pm
• Sale price reduced by $300,000!
• Excellent mixed-use purchase opportunity ideal for owner/user or investor
• 15-unit apartment building (one and two stories) plus adjacent commercial lot with small building
• Current annual NOI of $313,058; 5.22% cap rate
• Proforma annual NOI of $387,277; 6.46% cap rate
• Commercial tow yard can be delivered vacant
• Buyer can take advantage of the commercial lot, which is ideal for a tow yard, contractor’s yard, outdoor storage, granite yard, plumbing supplies, etc. while collecting income from the apartments
• High profile heavy traffic exposure
• Located just west of La Brea Avenue four blocks north of the Santa Monica (I-10) Freeway
• 125′ frontage on Washington Boulevard
Rent roll and financial data available upon request
Cash Flow and Value Add Opportunity - 5010 W Washington Blvd, Los Angeles, CA 90016, USA
