3531 Slauson AveMaywood, CA 90270

Property Details for 3531 Slauson Ave

Year built

1924

Construction

TILT-UP CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

3,000 SF

Zone code

MYCMYY

Property type

Retail properties

Property subtype

Retail space

APN

6311-024-010

APU

6311024010

Description

This Maywood, CA commercial building presents a compelling investment opportunity. Located at 3531 E Slauson Ave, this 3,000 square foot, Class B storefront property sits on a 6,334 square foot lot and boasts 100% occupancy with two units. Built in 1924 and renovated in 2016, including a new roof two years ago, the property features a gross lease structure and multi-tenancy. Currently generating a $38,988 NOI with a 4.87% cap rate, the pro-forma NOI is projected at $53,988 and a 6.75% cap rate, reflecting significant rental upside potential due to month-to-month leases. The permitted MYCM zoning allows for both commercial and manufacturing uses. One unit is a furniture manufacturing and storefront, while the other is currently used as a church. The asking price is $800,000 ($266.67/sq ft), with a land value of $126/sq ft. High foot traffic and a prime location in a growing city contribute to this property's strong investment potential. This is a rare opportunity to acquire a stabilized, owner-user investment in a desirable location with substantial upside.

Location Insight

City

Maywood

County

Los Angeles

State

California

Latitude

33.9891

Longitude

-118.202

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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