For Sale
$2,950,000

18812 Parthenia StLos Angeles, CA 91324

5,720 SF Office/Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 5,720 square foot executive office building, constructed in 1988, presents a compelling investment opportunity in Los Angeles, CA. Located at 18812 Parthenia St, in the 91324 zip code, this property boasts a desirable location with convenient street-to-street access from Parthenia and Bryant Streets, providing easy access to the 118 Freeway. The building currently operates as a nine-bay autobody shop, complete with a permitted spray booth and office space. The property sits on a 12,584 square foot lot and is zoned M1, allowing for a variety of industrial or automotive uses. Currently generating a 6.87% cap rate, this property offers significant upside potential through increased rental income. The month-to-month leases provide flexibility for an owner-user to occupy all or a portion of the building, or to continue leasing the bays to existing tenants. Individual bay electricity metering adds to operational efficiency. The property's proximity to major thoroughfares and a high-income demographic further enhances its investment appeal. This is an ideal opportunity for an owner-user seeking a strategic location or an investor looking for strong cash flow and potential for appreciation. The property's existing automotive tenants service national accounts, indicating a stable and potentially expanding market.

Highlights

  • Nine-bay autobody shop with permitted spray booth and office space.
  • 6.9% current capitalization rate, offering rental upside potential.
  • Prime location adjacent to national autobody servicing accounts.
  • Month-to-month tenants; excellent for owner-occupancy or leasing.
  • Established, long-term tenant history.
  • Individual bay electricity metering.

Property Details for 18812 Parthenia St

Property type
Retail properties, Office properties
Square Feet
5,720 SF
Year Built
1988

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.2277721
Longitude
-118.5431671
18812 Parthenia St, Los Angeles, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
18812 Parthenia St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message