1204 Paloma StLos Angeles, CA 90021

Property Details for 1204 Paloma St

Year built

1997

Construction

TILT-UP CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

3,928 SF

Zone code

LAM2

Property type

Retail properties

Property subtype

Retail space

APN

5132-016-047

APU

5132016047

Description

This exceptional 7,800-square-foot retail space at 1204 Paloma Street in Los Angeles, CA 90021 presents a unique investment opportunity. Currently vacant, the single-tenant building offers immediate occupancy for a wide range of businesses. The property boasts ample parking with six spaces available for customers and employees. The building is equipped with robust electrical service, featuring 400 amps of power at 240/120 volts, ensuring sufficient capacity for most commercial needs. Its location in Los Angeles offers excellent visibility and accessibility, making it an ideal location for a variety of retail ventures. The property is zoned for retail use and is ready for immediate possession. The building's size and layout provide flexibility for customization to suit specific business requirements. This is a rare opportunity to acquire a substantial retail space in a desirable Los Angeles location. The property is available for sale or lease, providing options for various investment strategies. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property's address is 1204 Paloma St, Los Angeles, CA 90021. Its geographical coordinates are 34.030958 latitude and -118.247797 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $1,688,249

  6.5%

  $1,558,384

  7%

  $1,447,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,882,310

  Geo Method

  $1,882,310

• Alternative Use

  Use

  Valuation

  Residential

  $1,314,555

  Hospitality

  $1,204,125

  Educational

  $1,001,818

  Medical

  $1,036,272

  Retail

  $1,558,384

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0309

Longitude

-118.248

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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