For Sale
$4,800,000

1005 Madison AveLos Angeles, CA 90029

Fully Leased Retail Center, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fully leased, 6,877 square foot retail center situated in the desirable Silver Lake/Virgil Village neighborhood of Los Angeles, CA. The property, located at 1005 N Madison Ave, boasts a prime location, steps from Santa Monica Boulevard and surrounded by thriving local businesses. Built in 1925 and extensively renovated in 2021, this single-story building features a multi-tenant configuration with each unit offering a glass storefront entrance, a private back entrance, kitchen hookups, and private bathrooms. Recent renovations totaling over $1 million included upgrades to HVAC, plumbing, electrical systems, flooring, windows, lighting, doors, and fixtures. The property offers a strong 6.04% cap rate and is currently 100% occupied, providing immediate cash flow. The high-density area boasts over 1,124,056 residents and 613,681 employees within a 5-mile radius, ensuring a robust customer base. This fee-simple ownership opportunity presents a rare chance to acquire a well-maintained, high-performing retail asset in a highly sought-after Los Angeles location. The property's APN is 5539-003-006. This is a turnkey investment ready for immediate returns.

Highlights

  • 100% leased, 6,877 SF retail building in the desirable Silver Lake/Virgil Village neighborhood of Los Angeles.
  • Seller recently completed over $1M in renovations, including new HVAC, plumbing, electrical, flooring, windows, doors, and fixtures.
  • Each unit features a glass storefront, private back entrance, kitchen hookups, and private bathrooms.
  • Prime location steps from Santa Monica Blvd, offering excellent access to local amenities.
  • High-density area with over 1,124,056 residents and 613,681 employees within a 5-mile radius.
  • Turnkey investment opportunity with a strong cap rate.

Property Details for 1005 Madison Ave

Property type
Lifestyle centers, Power centers
Square Feet
6,877 SF
Year Built/Renovated
1925/2021
Buildings
1
Stories
1

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.08991707
Longitude
-118.28929756
1005 Madison Ave, Los Angeles, California

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1005 Madison Ave
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