For Sale
$1,550,000

6144 Kester AveLos Angeles, CA 91411

796 SF Auto Shop, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional corner property at 6144 Kester Ave, Los Angeles, CA 91411, presents a lucrative investment opportunity. The 796 square foot building sits on a sizable 7,387 square foot lot, zoned M2-1, and boasts a current cap rate of 5.75%. Currently occupied by a used car dealership under a month-to-month lease, generating $91,896 in annual net rent ($7,658/month NNN), this property offers immediate income potential. The prominent corner location provides excellent visibility and the potential for impactful pole signage. The property's APN is 2241-017-013. Given its location in Los Angeles County and its substantial lot size, this property presents significant potential for future development, making it an ideal investment for both seasoned and emerging investors seeking a strong return on investment in a thriving market. The asking price is $1,550,000. This represents a reduced price from a previous listing. Serious inquiries only.

Highlights

  • High-visibility corner lot with pole signage potential.
  • Strong, stable income with a long-term month-to-month tenant paying $7,658/month, NNN.
  • Currently leased to an established used car dealership.
  • Excellent redevelopment opportunity.

Property Details for 6144 Kester Ave

Property type
Retail properties, Auto shops
Square Feet
796 SF

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1818595
Longitude
-118.4572304
6144 Kester Ave, Los Angeles, California

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6144 Kester Ave
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