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2116-2118 S Central Ave 2,000 SF 100% Leased Retail Building Los Angeles, CA 90011 $1,533,829 CAD ($766.91 CAD/SF) 5.30% Cap Rate
Investment Highlights
- New HVAC system installed approximately two years ago, providing efficient and reliable climate control
- ADA-compliant improvements offering accessibility and convenience for a wide range of users
- Approximately 70 feet of frontage along S. Central Avenue with traffic counts exceeding 28,000 vehicles per day.
- Two on-site restrooms providing added convenience for staff and clientele alike
- Property features a newer HVAC system, ADA-compliant improvements, hot water throughout the premises, and two on-site restrooms.
- Hot water available throughout the premises for added convenience and functionality.
Executive Summary
Well-located retail investment opportunity in the heart of Los Angeles featuring a long-term health clinic tenant and stable in-place cash flow. The property benefits from approximately 70 feet of frontage along S. Central Avenue, strong visibility, six on-site parking spaces, and Opportunity Zone designation. Recent upgrades include a newer HVAC system and ADA-compliant improvements. LAC2 zoning provides flexibility for a variety of commercial uses while the existing tenancy offers immediate income stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,000 SF
Building Class
C
Year Built
1920
Price
$1,533,829 CAD
Price Per SF
$766.91 CAD
Cap Rate
5.30%
NOI
$81,293 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
LAC2 - Commercial Zoning - Multiple Commercial, Mixed Use, and Multi-Family Uses Allowed
Parking
6 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Central Health Clinic Inc
- Health Care and Social Assistance
- -
- -
- -
- Motivational Recovery Services
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Central Health Clinic Inc | Health Care and Social Assistance | - | - | - | ||
| Motivational Recovery Services | Services | - | - | - |
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5119-003-023 | Improvements Assessment | $89,623 CAD |
| Land Assessment | $387,156 CAD | Total Assessment | $476,779 CAD |
Property Taxes
Parcel Number
5119-003-023
Land Assessment
$387,156 CAD
Improvements Assessment
$89,623 CAD
Total Assessment
$476,779 CAD
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2116-2118 S Central Ave
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