Address
12118 W Santa Monica Boulevard Los Angeles, CA
Price
$ 2,250,000
Property Attributes
  • MLS#SB21035018
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaWest Los Angeles
  • Zip90025
  • StyleRetail
  • Price$ 2,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,845 SqFt
Listing Provided Courtesy Of:
Howard Gunderson with Marian Keith.
Data Source:
CRMLS
Property Description

LOS ANGELES IS NOW OPEN FOR BUSINESS. 12118, 12120, 12122, 12124 SANTA MONICA BLVD. 4 STORES. ALL RENTED, NOW OPEN, ALL PAYING RENT. MONTH TO MONTH TENANTS, BUT WILL SIGN LEASES IF BUYER PREFERS. RENT TOTAL IS $8500.00 PER MONTH. HAIR SALON PAYS $2500.00, OTHERS PAY $2000.00 EACH 3210 SQUARE FEET, EACH UNIT IS ABOUT SAME SIZE. EACH UNIT HAS FRONT AND BACK DOOR, BATHROOM AND READ OFFICE SPACE. STEEL POST AND STUCCO CONSTRUCTION. CEILINGS CAN BE RAISED. ROOF IS ABOUT 12 YEARS OLD. ABOUT 60 FEET OF FRONTAGE ON SANTA MONICA BLVD, JUST WEST OF BUNDY. NO PARKING BUT THAT IS NOT A PROBLEM FOR CURRENT TENANTS. IF BUYER NEEDS PARKING IT IS POSSIBLE TO LEASE SPACES IN THE AREA. ON BUS LINE, EASY ACCESS TO THE 405 ON THE EAST AND THE 10 ON THE SOUTH. GREAT COMMERCIAL AREA. CLOSE TO STARBUCKS, IHOP, AND DARYA. BUILDING IS 32 FEET HIGH PROVIDING AMPLE SIGNAGE SPACE. SEPARATE ELECTRIC METERS FOR EACH TENANT. TENANTS PROVIDE OWN COOLING AND HEATING. OWNER ONLY PAYS WATER, ABOUT $600.00 A YEAR. VERY LOW MAINTENANCE. CLOSE TO SANTA MONICA, WESTWOOD, BRENTWOOD, BEL AIR, BEVERLY HILLS. SELLER IS DOING A 1031 EXCHANGE AND UP LEG IS IN ESCROW AND MUST CLOSE SOON. HIGH VISIBILITY ON MAJOR STREET, POLICE ONE MILE AWAY. VERY SAFE AREA, NO DEMONSTRATIONS EVER.

Price History
2/22/2021 Listed $2,295,000
3/1/2021 5% - $2,195,000

General Features

Business Type Commercial
Construction Materials Stucco, Steel
Cooling None
Heating None
Listing Agent Howard Gunderson - BRE#00554522
Listing Agent State License 00554522
MLS Area WLA - West Los Angeles
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Roof Rolled/Hot Mop
Special Listing Conditions Standard
Terms 1031 Exchange
Utilities Electricity Connected, Sewer Connected, Water Connected
Water Sewer Expense 600

Interior Features

Laundry Features None

Exterior Features

Fencing None
Lot Features Near Public Transit, Street Level
Lot Size Acres 0.09
Lot Size Area 3845
Lot Size Source Assessor
Lot Size Square Feet 3845
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90025

Price
AVG $1.37M
$2.25M
Visits
AVG 45
15
Year Built
AVG 1947
1947
Walkscore
AVG 94
94
Data Provided by Walkscore ® not using MLS data

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