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634-640 S Alvarado St 33,291 SF 100% Leased Retail Building Los Angeles, CA 90057 $6,221,250 CAD ($186.87 CAD/SF)
INVESTMENT HIGHLIGHTS
- Rapid Transit Adjacent (TOC Tier 4)
- Very strong submarket with lots of residential redevelopment
- Low Retail Vacancies
EXECUTIVE SUMMARY
Westlake Theatre opened as a 1,949-seat venue on September 22, 1926. Although designed primarily as a motion picture theatre, the large stage also serves as a live entertainment venue. The raked floor has been leveled to house the current swap meet retail use, but can be removed if desired. Second floor office and street-level retail round out the current uses. The second floor office space has been renovated and is available to lease. All leases are month-to-month.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
33,291 SF
Building Class
C
Year Built
1925
Price
$6,221,250 CAD
Price Per SF
$186.87 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.59
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
LAC2, Los Angeles - C2-2 and C4-2; Tier 4 TOC
Frontage
116’ on Alvarado St
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5141-001-037 | Improvements Assessment | $160,443 CAD |
| Land Assessment | $3,048,457 CAD | Total Assessment | $3,208,900 CAD |
PROPERTY TAXES
Parcel Number
5141-001-037
Land Assessment
$3,048,457 CAD
Improvements Assessment
$160,443 CAD
Total Assessment
$3,208,900 CAD
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634-640 S Alvarado St
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