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$30,000,000
Est. payment /mo
15,646 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 15,646 sqft
Price per Sqft $1,917
MLS Listing ID 25616635
Year Built 1972
Lot Size 0.742 Acres
Acres 0.7417
Property Sub-Type Retail
Property Description
This sale is for the properties located at 11700 National Boulevard, 11705-11711 National Boulevard and 2855 S. Barrington Avenue, and 11685-11695 National Boulevard and 2850-2852 S. Barrington Avenue ("The Properties"). 11700 National Boulevard has a GLA of approximately 15,646 SF with 100% occupancy and 41 parking spaces (APN# 4520-0014-026). 11705-11711 National Boulevard and 2855 S. Barrington Avenue has a GLA of approximately 8,576 SF with 100% occupancy and 31 parking spaces (APN# 4257-011-025). 11685-11695 National Boulevard and 2850-2852 S. Barrington Avenue has a GLA of approximately 9,575 SF with 43.92% occupancy and 12 parking spaces (APN# 4258-009-010). This unique offering presents the rare opportunity to acquire three corners at the highly visible intersection of National Boulevard and S. Barrington Avenue in Los Angeles. Strategically located in a dense Westside submarket with strong demographics and consistent traffic, these three properties offer stable in-place income with long-term upside. Collectively, the portfolio is projected to generate approximately $1,542,034 in annual net income based on 100% occupancy and current operating expenses. Rent roll and expense details are available upon execution of a buyer registration agreement.
Location
State CA
County Los Angeles
Area Palms - Mar Vista
Zoning LAC2
Exterior
Garage Spaces 41.0
Building
Story 1
Others
Special Listing Condition Standard
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Listed by PAR Commercial Brokerage
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