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1427 Atlantic Boulevard, East Los Angeles, CA 90022
Priced at Only: $3,190,000
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Address: 1427 Atlantic Boulevard, East Los Angeles, CA 90022
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  • MLS#: 26663999 ( )
  • Street Address: 1427 Atlantic Boulevard
  • Viewed: 1
  • Price: $3,190,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: LOS ANGELES
  • City: East Los Angeles
  • Zipcode: 90022
  • Provided by: Oakmore Inc
  • Contact: Jeff Jeff
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    On behalf of ownership, we are pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest of 1427 1431 S Atlantic Blvd, East Los Angeles, CA 90022 (the "Property"). The Property consists of a 10,175 SF building on a 0.53 acre (23,101 SF) parcel of land. The Property is leased to East Los Angeles Women's Center. The tenant receives government grants, which subsidizes a significant portion of the rent. However, the tenant is operating under an existing lease with one (1) year left of term and no options. This allows an investor to collect rent while re tenanting the property, or securing permits and entitlements for a redevelopment.The Property boasts outstanding frontage along Atlantic Blvd, a highly trafficked thoroughfare located just off the Interstate 5 Freeway, which sees more than 232,000 vehicles per day, and close to the 710 Freeway. With ample on site gated parking and access, the Property provides an easy destination experience for customers. The area surrounding the Property is comprised predominantly of single family housing, retail and industrial properties.The Property is a half mile north from Citadel Outlets, an expansive shopping center anchored by Disney Store, Starbucks, Nike, Puma, Chipotle, Converse, Auntie Anne's, Vans, GUESS, Sketchers, Ruby's Diner, Coach, Tommy Hilfiger, H&M, Under Armour, GAP, and other national many retailers.Similarly, the Property is half a mile south of Commerce Center, another expansive shopping center anchored by Target, Ross Dress for Less, WaBa Grill, Starbucks, Regency Theaters and several other national retailers.Given the Property's close proximity to several national retailers, strong traffic counts, dense infill location and easy access to the I 5 and 710 freeways it makes an ideal redevelopment and/or re tenanting investment opportunity. Freeway adjacent properties with redevelopment potential rarely become available in Southern California.
Features
Assetclass
  1. Retail
  2. Industrial
Building Area Total
  1. 10175.00
Country
  1. US
Industrialtype
  1. Warehouse/Distribution
  2. Warehouse/Office
Land Use
  1. Retail
  2. Industrial
Parcel Number
  1. 5245026009
Security Features
  1. Gated Community
Uncovered Spaces
  1. 28.00
Year Built
  1. 1960
Zoning
  1. LCC3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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