For Sale
$799,000

2713 Darwin AveLos Angeles, CA 90031

Two-building retail center, multiple spaces available

Overview

Added:
Dec 11, 2024
Days on market:
114
Towne Square offers a fantastic opportunity for retail businesses seeking high-visibility locations. This Class B retail center, situated on heavily traveled FM 528 and conveniently located near Townes Rd, comprises two buildings totaling 2,615 square feet. Built in 2015 and renovated in 2022, the property boasts a modern aesthetic and excellent condition. The entire 2,615 square feet is currently vacant, offering flexibility for a single large tenant or multiple smaller occupants. Spaces are divisible to a minimum of 285 square feet, with a maximum contiguous space of 1,300 square feet. This presents a unique opportunity for businesses of various sizes to establish a presence in a thriving commercial area. The two-story buildings provide ample space for retail operations, with potential for office space within the larger units. The property's address is 3800 FM 528 RD E, and its APN is 1351990010001. This prime retail location offers high traffic counts and excellent visibility, making it an ideal investment for businesses seeking strong growth potential. The property's recent renovation ensures modern amenities and a well-maintained environment for tenants and customers alike. Don't miss this chance to secure your space in this desirable retail center.

Highlights

  • $799,000 asking price for a four-unit apartment building.
  • 2,967 square feet on a 7,407 square foot lot in Los Angeles, CA.
  • Four existing one-bedroom units plus approved plans for three additional dwelling units (ADUs).
  • Projected 6.6% cap rate upon ADU completion, potential for over 8% cap rate with unit renovations.
  • Located in an Opportunity Zone.

Property Details for 2713 Darwin Ave

Property type
Apartment buildings
Square Feet
2,967 SF
Year Built
1913
Units
4

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.067875
Longitude
-118.213697
2713 Darwin Ave, Los Angeles, California

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2713 Darwin Ave
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