The Hirth Group of KW Commercial has been selected to exclusively market for sale 2600-2612 Southwest Drive, Los Angeles, CA 90043. Park Mesa Heights is located right next to the ever-gentrifying Inglewood area and is one of the most densely populated areas in Los Angeles. The subject property consists of 5 retail storefronts and 1 office. This is an ideal opportunity for an investor looking to make a stable cashflow from day one with a phenomenal 6.80% Cap Rate.
2600-2612 Southwest Drive is a mixed-use property with approximately 5,390 SF of building on a 7,941 SF lot.
The subject property was built in 1925 and has a total of 6 units, consisting of 5 retail storefront and 1 office unit. The anchoring tenant is a liquor store which executed a new lease in 2017 with three 5 year options and 10% increases beginning in 2022. The other tenants include: A tattoo shop, appliance repair shop, an artist, and a office. Majority of the tenants are month to month, allowing the new owner to increase rates immediately.