For Sale
$4,150,000

9124 Woodman AveLos Angeles, CA 91331

11,105 SF Shopping Center, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents Kagelwood Center, a 11,105-square-foot shopping center located at 9124 Woodman Ave, Los Angeles, CA 91331. The property boasts a strong 6.10% capitalization rate and a Net Operating Income (NOI) of $253,308, reflecting its excellent financial performance. Currently 100% occupied by five diverse tenants, including a laundromat, barber shop, dentist, pharmacy, and medical clinic, ensuring a stable income stream. Built in 1980, this single-story building sits on a desirable corner lot, providing excellent visibility and signage opportunities (pole and fascia signage available). The property benefits from its location in a high-traffic area within a state enterprise zone, near major freeways (118, 405, and 5) and prominent retailers such as Vallarta, CVS, WSS, Panda Express, Jack-in-the-Box, McDonald's, and Subway. The property is zoned P-1VL & C2-1VL, and its APN is 2642-030-021. The asking price is $4,150,000, translating to a price per square foot of $373.71. This is a triple-net (NNN) leased property, offering a low-maintenance investment with significant upside potential. The property's strong tenant mix, prime location, and high occupancy make it an attractive addition to any portfolio.

Highlights

  • Triple-Net (NNN) Lease in Place
  • Located in a State Enterprise Zone
  • Corner Lot with High Visibility
  • Ample Signage Opportunities (Pole and Fascia)
  • Excellent Freeway Access (118, 405, & 5 Freeways)
  • Strong Retail Co-Tenancy (Vallarta, CVS, WSS, and others)

Property Details for 9124 Woodman Ave

Property type
Lifestyle centers, Power centers
Square Feet
11,105 SF
Year Built
1980
Buildings
1
Stories
1
Units
5

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.2361612
Longitude
-118.4407548
9124 Woodman Ave, Los Angeles, California

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9124 Woodman Ave
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