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4177 W 3rd St 5,491 SF 100% Leased Retail Building Los Angeles, CA 90020 $4,719,967 CAD ($859.58 CAD/SF) 5.62% Cap Rate
Executive Summary
Prime Koreatown Retail first time on the market in years. Located on the north east corner of 3rd St and Hobart Bl, the property is an ease of management and low expenses two tenant property fronting 3rd St. Anchored by Ten Raku a Korean BBQ restaurant (operating since 2012), the property at list is an actual 5.3 CAP with upside potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,491 SF
Building Class
B
Year Built
1963
Price
$4,719,967 CAD
Price Per SF
$859.58 CAD
Cap Rate
5.62%
NOI
$265,378 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.63
Lot Size
0.20 AC
Zoning
LAC2
Parking
6 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Very walkable
80/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5517-014-013 | Improvements Assessment | $858,296 CAD |
| Land Assessment | $3,076,922 CAD | Total Assessment | $3,935,218 CAD |
Property Taxes
Parcel Number
5517-014-013
Land Assessment
$3,076,922 CAD
Improvements Assessment
$858,296 CAD
Total Assessment
$3,935,218 CAD
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4177 W 3rd St
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