10116 S Main St

    Los Angeles (City), CA 90003
    • $1,250,000
    • STATUS: Active
    • ON SITE: 144 days
    • ID#: IN19095541
    UPDATED: 64 min ago
    $1,250,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,400
      SQFT
    • $284
      $/SQFT
    Type:
    Commercial
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Fully compliant cannabis property located in the city ofLos Angeles. The subject property is 4,400 SF onapproximately 5,499 SF of land zoned C2.The building has recently undergone extensiveremodeling including new electrical, power, lighting,interior fixtures, and has been customized to operate asa high volume cannabis facility. The rear of the subjectproperty features a secured automatic gate with parkingand alley that is only accessible by the neighbors.The subject property has been divided into threeindividual units. The first unit operating as a store frontdispensary contains approximately 2,800 SF (locatedtowards the entrance). This unit is currently occupied.The second unit (vacant) is approximately 800 SF andcan be leased for additional income to a cannabis tenantwho would like to operate a "delivery only" businessmodel.The third unit (occupied) is approximately 800 SF and islocated towards the rear of the property. This unit isoccupied by a "delivery only" cannabis tenant.Each unit is individually metered for all utilities expectwater. The building features 400 AMPS - 3 phase powerelectrical offering sufficient power to each tenant.This property will attract an investors looking for highcash flow opportunity in the cannabis sector.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/94104049

    10116 S Main St Los Angeles (City), CA 90003

    • Price: $1,250,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: IN19095541
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,400
    SQFT
    $284
    $/SQFT
    1957
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Fully compliant cannabis property located in the city ofLos Angeles. The subject property is 4,400 SF onapproximately 5,499 SF of land zoned C2.The building has recently undergone extensiveremodeling including new electrical, power, lighting,interior fixtures, and has been customized to operate asa high volume cannabis facility. The rear of the subjectproperty features a secured automatic gate with parkingand alley that is only accessible by the neighbors.The subject property has been divided into threeindividual units. The first unit operating as a store frontdispensary contains approximately 2,800 SF (locatedtowards the entrance). This unit is currently occupied.The second unit (vacant) is approximately 800 SF andcan be leased for additional income to a cannabis tenantwho would like to operate a "delivery only" businessmodel.The third unit (occupied) is approximately 800 SF and islocated towards the rear of the property. This unit isoccupied by a "delivery only" cannabis tenant.Each unit is individually metered for all utilities expectwater. The building features 400 AMPS - 3 phase powerelectrical offering sufficient power to each tenant.This property will attract an investors looking for highcash flow opportunity in the cannabis sector.
    Exterior Features

    Lot Features Rectangular LotLevel Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 14.79 Country Us Gross Scheduled Income 187200.00 Investment Property YN Yes Land Lease YN No Laundry YN No Leasable Area Units Square Feet Lease Considered YN Yes Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 162674.00 Occupancy Occupied Operating Expense 18910.00 Property Sub Type Retail Special Listing Conditions Standard Total Monthly Rent 15600 Water Source Public

    Listing provided courtesy of Jacob Lavian of Light Year Realty Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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