3531 Slauson Ave Maywood, CA 90270-2526
- Retail space
- 3,000 SF
- 0.15 lot acres
Current Use by Public Records
- Retail space
Property Details for 3531 Slauson Ave
- Year built
- 1924
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.15 lot acres
- Property size
- 3,000 SF
- Zone code
- MYCMYY
- Property type
- Retail space
- APN
- 6311-024-010
- APU
- 6311024010
Description
This Maywood, CA commercial building presents a compelling investment opportunity. Located at 3531 E Slauson Ave, this 3,000 square foot, Class B storefront property sits on a 6,334 square foot lot and boasts 100% occupancy with two units. Built in 1924 and renovated in 2016, including a new roof two years ago, the property features a gross lease structure and multi-tenancy. Currently generating a $38,988 NOI with a 4.87% cap rate, the pro-forma NOI is projected at $53,988 and a 6.75% cap rate, reflecting significant rental upside potential due to month-to-month leases. The permitted MYCM zoning allows for both commercial and manufacturing uses. One unit is a furniture manufacturing and storefront, while the other is currently used as a church. The asking price is $800,000 ($266.67/sq ft), with a land value of $126/sq ft. High foot traffic and a prime location in a growing city contribute to this property's strong investment potential. This is a rare opportunity to acquire a stabilized, owner-user investment in a desirable location with substantial upside.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $305,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $416,000
Market price range: $214k - $551k
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Location Insight
- Map
- Local Demand
- City
- Maywood
- County
- Los Angeles
- State
- California
- Longitude
- -118.202
- Latitude
- 33.9891
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA