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1660 W Adams Blvd

18,924 SF 100% Leased Retail Building Los Angeles, CA 90007 £6,667,485 (£352/SF) 4.73% Net Initial Yield

Investment Highlights

  • First Time to Market for this High Visibility and High Traffic Area
  • High Demand for Retail Space
  • Below market lease rates and short terms provide opportunities to increase NOI quickly

Executive Summary

Exceptional retail investment opportunity in the vibrant city of Los Angeles for the first time in 35 years! This ±18,924 SF retail center, situated on a substantial ±46,817 SF lot across three parcels, features ±169 feet of prime frontage along W. Adams Blvd, spanning nearly an entire block. The building is valued at $5,500,000.00 with two adjacent parking lots valued at $2,000,000.00 and $1,000,000.00 respectively. Located just 1.5 miles from the prestigious University of Southern California, the property provides unparalleled visibility and convenience with four points of ingress/egress. This retail center is zoned C2 & RD2 - C2-1VL-O-HPOZ-CPIO & RD2-1-O-HPOZ | State
Enterprise Zone | Tier 1 TOC. Highlights include prime location with high traffic exposure, diverse income streams from multiple tenants, and strong potential for appreciation and value growth in a dynamic Los Angeles neighborhood. Listed at $8,500,000.

Financial Summary (Pro forma - 2025)

Annual Annual Per SF
Gross Rental Income £407,079 £21.51
Other Income - -
Vacancy Loss - -
Effective Gross Income £407,079 £21.51
Taxes - -
Operating Expenses £91,890 £4.86
Total Expenses £91,890 £4.86
Net Operating Income £315,188 £16.66

Financial Summary (Pro forma - 2025)

Gross Rental Income
Annual £407,079
Annual Per SF £21.51
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £407,079
Annual Per SF £21.51
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual £91,890
Annual Per SF £4.86
Total Expenses
Annual £91,890
Annual Per SF £4.86
Net Operating Income
Annual £315,188
Annual Per SF £16.66

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
18,924 SF
Building Class
C
Year Built
1982
Price
£6,667,485
Price Per SF
£352
Net Initial Yield
4.73%
NOI
£315,188
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.40
Land Acres
1.07 AC
Zoning
C2 & RD2 - C2-1VL-O-HPOZ-CPIO & RD2-1-O-HPOZ | State Enterprise Zone | Tier 1 TOC
Parking
44 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
169 ft on W Adams Blvd

Amenities

  • Bus Route
  • Corner Lot
  • Pylon Sign
Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

U.S. Bank
Ralphs
Starbucks
Yoshinoya
Capriotti's
DRNK Coffee + Tea / Qwench
Food 4 Less
CAVA
Trader Joe's
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5054-005-021
  • 5054-005-019
  • 5054-005-020
Land Assessment
£923,931 (2024)
Improvements Assessment
£1,230,919 (2024)
Total Assessment
£2,154,850 (2024)
Annual Taxes
£0 (£0.00/sf)
Tax Year
2025
  • Listing ID: 33046783

  • Date on Market: 03/09/2024

  • Last Updated:

  • Address: 1660 W Adams Blvd, Los Angeles, CA 90007

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