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2-Story Shopping Center: Leased Investment 4376 S Western Ave 6,430 SF 100% Leased Retail Building Los Angeles, CA 90062 $4,032,798 CAD ($627.18 CAD/SF) 4.35% Cap Rate
Investment Highlights
- Leased Investment Opportunity: $128,468 NOI | 4.35% Cap Rate
- 10 Units with Secure 18 Car Parking Lot
- Heavy Traffic Location With Fantastic Signage and Exposure
- Signalized Corner Location at Western and Vernon Avenues
Executive Summary
Commercial leased investment purchase opportunity. 2-story shopping center. 4 ground floor retail stores and 6 second floor offices. $128,468 actual net annual income | 4.35% actual cap rate. Heavy traffic location at the intersection of 2 major thoroughfares. Northeast corner of Western Avenue and Vernon Avenue. 116' frontage on Western Avenue; 94' on Vernon Avenue. 1-1/3 miles west of the Harbor (110) Freeway and 2-1/4 miles south of the Santa Monica (I-10) Freeway.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$241,131
|
$37.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$241,131
|
$37.50
|
| Taxes |
$51,264
|
$7.97
|
| Operating Expenses |
$14,245
|
$2.22
|
| Total Expenses |
$65,509
|
$10.19
|
| Net Operating Income |
$175,622
|
$27.31
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $241,131 |
| Annual Per SF | $37.50 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $241,131 |
| Annual Per SF | $37.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $51,264 |
| Annual Per SF | $7.97 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,245 |
| Annual Per SF | $2.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $65,509 |
| Annual Per SF | $10.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $175,622 |
| Annual Per SF | $27.31 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,430 SF
Building Class
C
Year Built
1991
Price
$4,032,798 CAD
Price Per SF
$627.18 CAD
Cap Rate
4.35%
NOI
$175,622 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.67
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
LA C2-2D-CPIO
Parking
18 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Fenced Lot
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5021-024-040 | Total Assessment | $2,677,562 CAD (2025) |
| Land Assessment | $1,726,950 CAD (2025) | Annual Taxes | $51,264 CAD ($7.97 CAD/SF) |
| Improvements Assessment | $950,612 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5021-024-040
Land Assessment
$1,726,950 CAD (2025)
Improvements Assessment
$950,612 CAD (2025)
Total Assessment
$2,677,562 CAD (2025)
Annual Taxes
$51,264 CAD ($7.97 CAD/SF)
Tax Year
2024
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2-Story Shopping Center: Leased Investment | 4376 S Western Ave
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