6315-6323 Pacific Blvd Huntington Park, CA 90255

Property Details for 6315-6323 Pacific Blvd

Year built

1922

Property size

18,250 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional 18,250 square foot retail property, located at 6315-6323 Huntington Park Blvd, Huntington Park, CA 90255, presents a compelling investment opportunity. The Class A building, constructed in 1922 and extensively renovated in 2018, sits on a 15,250 square foot lot and boasts a two-story design. Currently vacant, this owner-user investment offers significant potential. The property features a modern façade with approximately 100 feet of frontage, ensuring high visibility. The asking price is $3,100,000, translating to $169.86 per square foot and a land value of $203 per square foot. The property's strong pro-forma NOI of $285,000 yields a 9.19% cap rate. Situated in a high-traffic area with substantial pedestrian and vehicular traffic exceeding pre-pandemic levels, the property benefits from its proximity to numerous national retailers including Walgreens, CVS, In-N-Out Burger, Starbucks, and Pep Boys. The surrounding area within a 5-mile radius boasts a population exceeding 1 million, generating over $6.5 billion in retail spending in 2023. The property is zoned DTSP and offers a fully equipped retail space with central air conditioning. This prime location on a busy stretch of Pacific Blvd, between Gage Ave and Clarendon Ave, makes it ideal for an anchor tenant seeking to capitalize on high traffic volume and a dense consumer base. The property's excellent condition and strategic location make it an attractive investment for both owner-users and investors seeking a strong return. APN: 6320-031-011.

Location Insight

City

Huntington Park

County

Los Angeles

State

California

Longitude

-118.225

Latitude

33.9831