N
Seller's Agent in 2020
Neema Ahadian
Marcus & Millichap
(213) 943-1800
87 Total Sales
Estimated Value: $2,992,654
Built in 1978 this property is an ideal investment, owner/user, or redevelopment opportunity and is located directly off the 405 freeway with easy access from the Avalon Boulevard exit. The subject property consists of a 5,382 SF office building, currently subdivided into 3 units, and is located on a large 20,138 SF lot zoned CACR&D*.This offering presents the investor an opportunity to acquire an asset with an in-place cash-flow of 4.89% with the upside potential to achieve a 6.32% pro forma CAP rate when market rents are achieved. The property is currently 100% occupied with one short term lease expiring 6/30/2021 (1,660 SF), one month-to-month lease (2,350 SF) and one tenant who just exercised their five year option to extend. This presents an owner/user the ability to occupy over 50% of the building immediately. The landlord will have minimal operating expenses as the current tenants pay approximately $0.43 per SF monthly in CAM reimbursement.
Last Agent to Sell the Property
Marcus & Millichap License #01346750 Listed on: 06/29/2020
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,425,000 | Fidelity National Title | ||
| -- | None Available | ||
| -- | None Available |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,030,000 | ||
| Closed | $1,250,000 |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/29/2020 12/29/20 | Sold | $2,425,000 | -3.0% | $451 / Sq Ft |
| 08/04/2020 08/04/20 | Pending | -- | -- | -- |
| 06/29/2020 06/29/20 | For Sale | $2,500,000 | -- | $465 / Sq Ft |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $33,966 | $2,624,895 | $1,298,917 | $1,325,978 |
| 2024 | $33,121 | $2,573,428 | $1,273,449 | $1,299,979 |
| 2023 | $32,536 | $2,522,970 | $1,248,480 | $1,274,490 |
| 2022 | $30,961 | $2,473,500 | $1,224,000 | $1,249,500 |
| 2021 | $30,650 | $2,425,000 | $1,200,000 | $1,225,000 |
| 2020 | $22,398 | $1,681,338 | $784,625 | $896,713 |
| 2019 | $21,526 | $1,648,372 | $769,241 | $879,131 |
| 2018 | $21,013 | $1,616,052 | $754,158 | $861,894 |
| 2016 | $20,091 | $1,553,301 | $724,874 | $828,427 |
| 2015 | $19,748 | $1,529,970 | $713,986 | $815,984 |
| 2014 | $19,725 | $1,500,000 | $700,000 | $800,000 |
N
Seller's Agent in 2020
Neema Ahadian
Marcus & Millichap
(213) 943-1800
87 Total Sales
Source: The MLS
MLS Number: 20-597164
APN: 7339-018-034
Ask me questions while you tour the home.