Address
12118 W Santa Monica Boulevard Los Angeles, CA
Price
$ 2,250,000
Property Attributes
- MLS#SB21035018
- TypeCommercial
- CountyLOS ANGELES
- CityLos Angeles
- AreaWest Los Angeles
- Zip90025
- StyleRetail
- Price$ 2,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3,920 SqFt
Listing Provided Courtesy Of:
Howard Gunderson with Marian Keith.
Data Source:
CRMLS
Property Description
LOS ANGELES IS NOW OPEN FOR BUSINESS. 12118, 12120, 12122, 12124 SANTA MONICA BLVD. 4 STORES. ALL RENTED, NOW OPEN, ALL PAYING RENT. MONTH TO MONTH TENANTS, BUT WILL SIGN LEASES IF BUYER PREFERS. RENT TOTAL IS $8500.00 PER MONTH. HAIR SALON PAYS $2500.00, OTHERS PAY $2000.00 EACH 3210 SQUARE FEET, EACH UNIT IS ABOUT SAME SIZE. EACH UNIT HAS FRONT AND BACK DOOR, BATHROOM AND READ OFFICE SPACE. STEEL POST AND STUCCO CONSTRUCTION. CEILINGS CAN BE RAISED. ROOF IS ABOUT 12 YEARS OLD. ABOUT 60 FEET OF FRONTAGE ON SANTA MONICA BLVD, JUST WEST OF BUNDY. NO PARKING BUT THAT IS NOT A PROBLEM FOR CURRENT TENANTS. IF BUYER NEEDS PARKING IT IS POSSIBLE TO LEASE SPACES IN THE AREA. ON BUS LINE, EASY ACCESS TO THE 405 ON THE EAST AND THE 10 ON THE SOUTH. GREAT COMMERCIAL AREA. CLOSE TO STARBUCKS, IHOP, AND DARYA. BUILDING IS 32 FEET HIGH PROVIDING AMPLE SIGNAGE SPACE. SEPARATE ELECTRIC METERS FOR EACH TENANT. TENANTS PROVIDE OWN COOLING AND HEATING. OWNER ONLY PAYS WATER, ABOUT $600.00 A YEAR. VERY LOW MAINTENANCE. CLOSE TO SANTA MONICA, WESTWOOD, BRENTWOOD, BEL AIR, BEVERLY HILLS. SELLER IS DOING A 1031 EXCHANGE AND UP LEG IS IN ESCROW AND MUST CLOSE SOON. HIGH VISIBILITY ON MAJOR STREET, POLICE ONE MILE AWAY. VERY SAFE AREA, NO DEMONSTRATIONS EVER.
| Price History | |
|---|---|
| 2/22/2021 | Listed $2,295,000 |
| 3/1/2021 | 5% - $2,195,000 |
General Features
| Business Type | Commercial |
|---|---|
| Construction Materials | Stucco, Steel |
| Cooling | None |
| Heating | None |
| MLS Area | WLA - West Los Angeles |
| Property SubType | Retail |
| Property Type | Commercial Sale |
| Roof | Rolled/Hot Mop |
| Terms | 1031 Exchange |
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
| Water Sewer Expense | 600 |
Interior Features
| Laundry Features | None |
|---|
Exterior Features
| Fencing | None |
|---|---|
| Lot Features | Near Public Transit, Street Level |
| Lot Size Acres | 0.09 |
| Lot Size Area | 3845 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 3845 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90025
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 15, 2021 2:41 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Greater Antelope Valley Association of Realtors®: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
