1005 Madison Ave Los Angeles, CA 90029

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.