2005 9th St
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2005 9th St
9,590 SF 80% Leased Retail Building Los Osos, CA 93402 £590,775 (£62/SF) 3.15% Net Initial Yield
Executive Summary
Prime Commercial Investment Opportunity in Los OsosPresenting a rare opportunity to acquire a high-visibility commercial property located at 2005 9th Street, Los Osos. This 3,720 sq ft building sits on a 5,227 sq ft lot at a prominent corner location with on-site parking. The property currently hosts service-based businesses, making it an ideal space for similar tenants.The property has undergone recent inspections, including building and pest assessments, providing transparency and peace of mind for potential investors. With two vacancies offering rental potential between $450 to $850 per month, there's significant upside for increased income. The property is currently generating a Net Operating Income (NOI) of $21,431 with a cap rate exceeding 3%, making it a strong candidate for value-
add investors.Given its strategic location and the limited availability of commercial spaces in Los Osos, this property is poised for appreciation. Whether you're looking to expand your portfolio or invest in a community-focused commercial space, 2005 9th Street offers both stability and potential for growth.
add investors.Given its strategic location and the limited availability of commercial spaces in Los Osos, this property is poised for appreciation. Whether you're looking to expand your portfolio or invest in a community-focused commercial space, 2005 9th Street offers both stability and potential for growth.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,590 SF
Building Class
C
Year Built
1988
Price
£590,775
Price Per SF
£62
Net Initial Yield
3.15%
NOI
£18,609
Percent Leased
80%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.83
Lot Size
0.12 AC
Zoning
CR - Commercial Retail
Parking
10 Spaces (1.04 Spaces per 1,000 SF Leased)
Amenities
- Signage
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 038-652-042 | Improvements Assessment | £312,555 |
| Land Assessment | £120,748 | Total Assessment | £433,304 |
PROPERTY TAXES
Parcel Number
038-652-042
Land Assessment
£120,748
Improvements Assessment
£312,555
Total Assessment
£433,304
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2005 9th St
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