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Office building in Los Angeles with a 6% yield

3,750,000 $
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Total area: 1,712 m² Yield: 6.0%
  • Absolute return: 200,250 €
  • Land area: 1,266 m²
  • Built in 1982
  • 3-floor building
  • Percentage of the rented area: 95%
  • Number of parking lots: 41

It is an office building for sale in North-Western part of Los Angeles.

Description

The total area of the three-storey building is 1,712 m².

The plot of 1,266 m².

The building has an elevator, underground garage and parking.

The office center is used for medical offices at the monebt, but if has a potential to be used as a data bank, a school, a career school, a municipal institution.

Current occupancy rate of 95%.

Financial performance

Absolute income is 225,000 $.

The current yield 6%.

Location

The property is situated on a busy retial corridor next to the residential area and surrounded with many shops, supermarkets, cafes, restaurants.

Public transportation are within the walking distance.

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Georgiy Buznik
Georgiy Buznik
Real Estate Expert Tranio in Los Angeles
+44 20 3608 1267
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