3844 W Slauson Avenue, Los Angeles, CA 90043

$925,000
List Price
$925,000
Status
PENDING
MLS#
PW22231609
Year Built
1932
Lot Size
5,663
Acres
0.13
Lot Location
Rectangular Lot
Days on Market
95
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

The property is a 3,026-square foot 1932 construction with two office spaces and two retail spaces on a 5,663-square foot lot with nine surface parking spaces in the rear. This is an ideal owner/user opportunity or an excellent opportunity for an investor to reposition the property and lease the spaces at market rates on favorable lease terms. Based on market comparables, we estimate the office spaces could each lease for $2,000 per month and the retail spaces for $1,500 per month, totaling $7,000 of monthly rental income. 3844 West Slauson Avenue boasts great retail visibility along a major thoroughfare with traffic volume over 29,000 cars per day, as well as strong demographics with a one-mile population of 35,000 with an average household income over $99,000. Furthermore, the property is in an area that has seen numerous major development projects recently thanks to the new LAX/Crenshaw metro line; the nearest station is just a half-mile east.

Additional Information

Water
Public
Attached Structure
Detached

Listing courtesy of Listing Agent: Steven Bogoyevac (steve.bogoyevac@marcusmillichap.com) from Listing Office: Steven M. Bogoyevac, Broker.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.