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Office Portfolio Sale

Offered at £1,333,497 in Huntington Park, CA

Executive Summary

7715-23 Pacific is located in the highly desirable Walnut
Park neighborhood in the County of Los Angeles next to
Huntington Park, Ca. This is a rare mixed-use Medical/
Office & Retail Building at the NWC of Pacific and
Olive. Ideal for an owner/user or investor who would like
add value and maximize retail rents.
The property consists of 2 structures divided into 7
rentable units. Three of the units will be delivered vacant
with over 58% vacancy, the property qualifies for SBA
financing. Most of the leases on MTM allow for a new
investor to reposition the entire property and convert
leases to NNN.
The building was originally built in 1950 with a total size
of 7,002 SF, sitting on 12,401 SF corner lot allowing for
good visibility and accessibility with 8 rear parking
spaces in a gated lot. The property is zoned C3
allowing for many uses including medical, near other
major developments.
Well Located in Walnut Park near Huntington Park,
South Gate, Downey, Schools, Parks, and tons of
Restaurant & Shops.

Property Facts

Price £1,333,497
Price / SF £377.33 / SF
Sale Conditions
1031 Exchange
  • Tenants option to buy property
Net Initial Yield 6.50%
Sale Type Investment or Owner User
Status Active
Number of Properties 1
Individually For Sale 0
Total Building Size 3,534 SF
Total Land Area 0.28 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
7721-7723 Pacific Blvd, Huntington Park, CA 90255 Office 3,534 SF 1950 -
Show More > < Show Less

Amenities

  • Bus Route
  • Signage
  • High Ceilings
  • Natural Light
  • Reception
  • Air Conditioning
  • Listing ID: 33970753

  • Date on Market: 19/09/2024

  • Last Updated:

  • Address: Office Portfolio Sale, Huntington Park, CA

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