2901 Slauson AveVernon, CA 90058

Property Details for 2901 Slauson Ave

Year built

1940

Lot size

0.17 AC

Property size (Sq ft)

370 SF

Zone code

LAC2

Property type

Retail space

APN

5006-021-026

APU

5006021026

Description

This exceptional investment opportunity presents a brand-new, 3,200-square-foot Farmer Boys restaurant with a drive-thru, situated on a 0.53-acre lot in Los Angeles, CA. Built in 2023, the property boasts a 19-year absolute net ground lease (expiring 07/31/2043) with a corporate guarantee, offering significant long-term stability. The lease includes a favorable 10% rent increase every five years, ensuring consistent income growth. The property's strategic location at 2901 E Slauson Ave, Los Angeles, CA 90058, places it on a major retail corridor with daily traffic exceeding 34,000 vehicles. Its high visibility and convenient access are further enhanced by its signalized hard corner location. The property benefits from its proximity to major highways (Interstate 710 and 110), public transportation, and a high-traffic Home Depot store across the street. The densely populated area, with over 1 million residents within a 5-mile radius and projected population growth, ensures a strong customer base. The property's strong financial performance is reflected in its $275,000 net operating income (NOI) and a 5.25% cap rate. This is a rare opportunity to acquire a high-performing, long-term net lease asset in a prime Los Angeles location. The property's recent grand opening and strong tenant (Farmer Boys, a privately held company with over 100 locations) further enhance its investment appeal. The property is classified as Class A and is part of a thriving submarket within the Greater Los Angeles region, known for its robust economy. The location's proximity to Huntington Park High School also contributes to increased potential customer traffic. The asking price is $5,238,095.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9892

Longitude

-118.325

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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