3763 3Rd StLos Angeles, CA 90063

Property Details for 3763 3Rd St

Year built

1961

Lot size

0.15 AC

Property size (Sq ft)

960 SF

Zone code

LCC3*

Property type

Commercial kitchens

APN

5232-016-042

APU

5232016042

Description

This exceptional retail property, located at 3763 E. 3rd St., offers a single-tenant occupancy space of approximately 960 square feet. Situated on a hard corner lot encompassing 0.15 acres (6,746 square feet), the building benefits from excellent street visibility and ample parking, making it highly attractive to potential tenants. Constructed in 1961, the structure presents a solid investment opportunity in a well-established commercial area. The property's LACC3 zoning designation offers flexibility for a variety of retail uses. The building's prominent location ensures high foot traffic and excellent exposure, ideal for businesses seeking maximum visibility. This is a rare opportunity to acquire a well-positioned retail space with significant potential for growth and return on investment. The property's size and location make it suitable for a range of retail businesses seeking a convenient and highly visible location. The ample parking available further enhances the property's appeal to both tenants and customers. Serious inquiries are encouraged to explore this promising investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $407,733

  6.5%

  $376,369

  7%

  $349,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $460,035

  Geo Method

  $460,035

• Alternative Use

  Use

  Valuation

  Residential

  $317,482

  Hospitality

  $290,811

  Educational

  $241,952

  Medical

  $250,273

  Retail

  $376,369

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0335

Longitude

-118.187

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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