Sold
3844 W Slauson Avenue
Los Angeles CA, 90043
$825,000
$272.64 per sqft
Sold
3,026 sqft
Commercial
Built in 1932
Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker 562-436-5800
The property is a 3,026-square foot 1932 construction with two office spaces and two retail spaces on a 5,663-square foot lot with nine surface parking spaces in the rear. This is an ideal owner/user opportunity or an excellent opportunity for an investor to reposition the property and lease the spaces at market rates on favorable lease terms. Based on market comparables, we estimate the office spaces could each lease for $2,000 per month and the retail spaces for $1,500 per month, totaling $7,000 of monthly rental income.
3844 West Slauson Avenue boasts great retail visibility along a major thoroughfare with traffic volume over 29,000 cars per day, as well as strong demographics with a one-mile population of 35,000 with an average household income over $99,000. Furthermore, the property is in an area that has seen numerous major development projects recently thanks to the new LAX/Crenshaw metro line; the nearest station is just a half-mile east.
PW22231609
MLSⓇ ID
October 28, 2022
Listed
March 23, 2024
Updated
Map
3844 W Slauson Avenue
Los Angeles CA, 90043
Interior Features
Total Stories
2
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
Rectangular Lot
Other Property Details
Area Name
PHHT - Park Hills Heights
Days on Market
95
Garage
No
Parking Total
9
View
No
County
Los Angeles
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Listing Contact: 562-436-5800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:37 AM UTC