| 310.858.5474

12118 Santa Monica W Boulevard

return to properties

12118 Santa Monica W Boulevard | Los Angeles, CA

$2,995,000

3,210 SQ.FT.

12118-12124 SANTA MONICA BLVD. 4 STORES. 3210 SQUARE FEET. ABOUT 60 FEET OF FRONTAGE ON BUSY SANTA MONICA BLVD IN THE HEART OF WEST LOS ANGELES. BOTH BUNDY AND SANTA MONICA BLVD ARE MAJOR STREETS. BUILDING IS 22 FEET HIGH PROVIDING AMPLE SIGN SPACE. STEEL POST AND STUCCO CONSTRUCTION. STARBUCKS ON THE CORNER, CLOSE TO IHOP, GREAT RESTAURANT AND SMART & FINAL MARKET. TENANTS ARE MONTH TO MONTH. LOW RENTS, AVERAGE ABOUT $1600.00 PER UNIT. EACH UNIT HAS BATH AND OFFICE SPACE IN REAL. SEPARATE ELECTRIC METERS FOR EACH TENANT. FRONT AND BACK ACCESS. LONG TERM TENANTS ALL WANT TO STAY. ONE UNIT WILL BE VACANT AT END OF MONTH RENT NOT RAISED FOR YEARS. ON BUS LINE. CLOSE TO SANTA MONICA. EASY ACCESS TO 10 AND 405 FREEWAYS. EXISTING TENANTS ARE A CARD SHOP, TAILOR, SHOE REPAIR AND PRINTER. CURRENT RENTS ARE ABOUT $22.00 PER SQUARE FOOT. NEARBY REMODELED SPACE IS OFFERED AT $4.5 PER SQUARE FOOT. AVERAGE INCOME IN AREA IS $130,000.00. SELLER IS DOING A 1031 EXCHANGE AND IS IN ESCROW ON THE UP LEG PROPERTY.
Listing Provided by Howard Gunderson, Marian Keith

Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2018. 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.