8422 3Rd StLos Angeles, CA 90048
- Turn key restaurants
- 2,400 SF
Property Details for 8422 3Rd St
- Year built
- 1946
- Construction
- WOOD
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 2,400 SF
- Zone code
- LAC2
- Property type
- Turn key restaurants
- APN
- 5511-032-042
- APU
- 5511032042
Description
This exceptional Los Angeles retail property, located at 8422 W 3rd Street, offers a rare opportunity for businesses seeking high-visibility space in a vibrant location. The building totals 2,500 square feet and is currently 100% vacant, presenting a unique chance to customize the space to perfectly suit your needs. The property is divided into two suites, with a minimum divisible space of 500 square feet and a maximum contiguous space of 2,000 square feet, providing flexibility for various business models. Ideal for restaurants or retail establishments, this property benefits from its prime location on West 3rd Street in Los Angeles, California, within Los Angeles County, zip code 90048. The property's address is 8422 W 3rd St. This is a truly remarkable opportunity to establish a presence in a high-traffic area with significant foot and vehicle traffic. The building's layout allows for adaptable configurations, making it suitable for a variety of uses. The entire 2,500 square feet is available for lease, offering a significant advantage for businesses seeking substantial space. Don't miss this chance to secure a coveted location on West 3rd Street. This property is zoned for retail and restaurant uses. Contact us today to learn more about this exceptional opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,022,202
- 6.5%
- $943,571
- 7%
- $876,173
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,150,088
- Geo Method
- $1,150,088
-
Alternative Use
- Use
- Valuation
- Residential
- $795,938
- Hospitality
- $729,075
- Educational
- $606,582
- Medical
- $627,443
- Retail
- $943,571
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0728
- Longitude
- -118.374
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].