817-821 W Olive St
Inglewood, CA$3,000,000
Property Description
INVESTMENT HIGHLIGHTS
- (3) Separate Retail Spaces in Prime Inglewood
- Owner-User Opportunity w/ (1) Current vacancy (821 Olive) | 90% SBA Financing
- Great In-Place Income | 5.57% CAP
- Located on the Corner of La Cienega Blvd and Olive Street
- Rare Large 36,440 SF Lot w/ 25,188 Rentable Square Footage
EXECUTIVE SUMMARY
8515 La Cienega Blvd & 817-821 Olive Street Is a Property in Inglewood Consisting of (3) Retail Spaces. 821 Olive Street is a Vacant appx. 7,488 SF Retail/Warehouse Space. 817 Olive Street is an appx 5,300 SF Autobody Shop bringing in $10,000/Mo MG. 8515 La Cienega is a 12,400 SF Retail/Warehouse Space w/ a Large Parking Lot Currently Leased to a Rental Car Company for $14,688/Mo. Altogether this property is a massive 36,440 SF Lot in Prime Inglewood Near the 405 and LAX with a 5.57% CAP Rate – a very rare opportunity.
Property Features
- Sale Price: $3,000,000
- Area Size: 36,440 Sq. Ft.
- Land Area: 36,590 Sq. Ft.
- Year Built: 1958
- Listing Date: 10/9/2023
- Closing Date: 3/15/2024
