2602 54Th St Los Angeles, CA 90043
- Retail properties
- 3,846 SF
Current Use by Public Records
- Rax Clothing / Clothing Store
Property Details for 2602 54Th St
- Year built
- 1924
- Property size
- 3,846 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional single-story commercial property, located at 2602-2606 W. 54th Street, Los Angeles, CA 90043, presents a compelling investment opportunity. The 3,846 square foot lot houses 3,496 square feet of leasable space, currently operating at 100% occupancy with a strong NOI of $64,815, yielding a 7.21% cap rate (pro-forma 7.50%). Built in 1924, this Class C property features a convenient store and grocery store configuration, adaptable to various retail and office uses under the LAC2 zoning permit. The property boasts excellent visibility and accessibility, situated near major freeways (110, 10, and 405), public transportation, and prominent thoroughfares like Crenshaw Blvd and Slauson Ave. Its proximity to schools, USC, downtown Los Angeles, and LAX ensures high traffic and visibility. Individual electric meters for each unit and a master water meter contribute to efficient utility management. The asking price is $949,000, with potential for SBA financing, making this a low-maintenance, high-return investment ideal for owner-users or investors seeking a strong cash flow. The gross lease type simplifies management, and the multi-tenancy structure provides diversification.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.322
- Latitude
- 33.993
