9216 Sepulveda BlvdLos Angeles, CA 90045
- Retail properties
- 1,266 SF
Property Details for 9216 Sepulveda Blvd
- Year built
- 1960
- Lot size
- 0.24 AC
- Property size (Sq ft)
- 1,266 SF
- Zone code
- LAC2
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 4124-001-008
- APU
- 4124001008
Description
This exceptional investment opportunity presents a 10,000-square-foot auto shop in Los Angeles, CA, ideally situated near LAX. Currently operating at 100% occupancy with two tenants under a net lease agreement expiring May 31, 2027 (2.5 years remaining). The property boasts a strong net operating income (NOI) of $210,000, yielding a 5.12% cap rate. The asking price is $4,100,000, translating to $410 per square foot. Located at 9216 S Sepulveda Blvd, Los Angeles, CA 90045, this property sits on a 10,000-square-foot lot zoned C2, offering significant redevelopment potential. The existing building is a single structure. High visibility and traffic volume make this a prime location for continued success or future development. The property includes a billboard. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax advantages. The property's triangular shape adds to its unique appeal and potential for future uses. This is a motivated seller situation.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $429,951
- 6.5%
- $396,878
- 7%
- $368,529
-
Comparable approach
- Method
- Valuation
- Relative Method
- $606,671
- Geo Method
- $606,671
-
Alternative Use
- Use
- Valuation
- Residential
- $334,781
- Hospitality
- $306,658
- Educational
- $255,136
- Medical
- $263,910
- Retail
- $396,878
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 33.9529
- Longitude
- -118.396
- 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
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