For Sale
$4,100,000

9216 Sepulveda BlvdLos Angeles, CA 90045

High-traffic LAX location, 10,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 10,000-square-foot auto shop in Los Angeles, CA, ideally situated near LAX. Currently operating at 100% occupancy with two tenants under a net lease agreement expiring May 31, 2027 (2.5 years remaining). The property boasts a strong net operating income (NOI) of $210,000, yielding a 5.12% cap rate. The asking price is $4,100,000, translating to $410 per square foot. Located at 9216 S Sepulveda Blvd, Los Angeles, CA 90045, this property sits on a 10,000-square-foot lot zoned C2, offering significant redevelopment potential. The existing building is a single structure. High visibility and traffic volume make this a prime location for continued success or future development. The property includes a billboard. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax advantages. The property's triangular shape adds to its unique appeal and potential for future uses. This is a motivated seller situation.

Highlights

  • $4,100,000 asking price for a 10,000 square foot retail property.
  • Multi-tenant auto shop with two tenants, 100% occupancy, and a 5.12% cap rate.
  • Net lease with 2.5 years remaining on a 5-year term (commencing 05/16/2022, expiring 05/31/2027), generating a $210,000 NOI.
  • Located at 9216 S Sepulveda Blvd, Los Angeles, CA 90045, near LAX, with high visibility and C2 zoning.
  • 1031 exchange opportunity; broker co-op available.

Property Details for 9216 Sepulveda Blvd

Property type
Retail properties, Auto shops
Square Feet
10,000 SF
Buildings
1

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.9529839
Longitude
-118.3959317
9216 Sepulveda Blvd, Los Angeles, California

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9216 Sepulveda Blvd
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