6208 W. Manchester avenue
los angeles, ca 90045
Elijah Suval and Daniel Hirth of the Hirth Group have been exclusively selected to market for sale 6208 W. Manchester Boulevard−a multi-tenant retail asset comprised of approximately ±3,550 SF of building on an estimated ±4,499 SF lot. The subject property has three retail storefronts, two of which are occupied, and one is vacant. The current tenants include a dry cleaners and beauty salon, both are on month-to-month leases. Ample street parking is available as well from the city-owned parking lot behind the building.
For an investor, this is the true definition of a value-add play. With long term tenants on month-to-month leases, this is an ideal opportunity to re-tenant the property or raise the rents on the existing tenants.
With long term leases not an issue, this is also a great opportunity for an owner/user. SBA loan interest rates are at all-time lows making it a great time to capitalize on this once in a generation opportunity.
6208 W. Manchester Boulevard, Los Angeles CA 90045, is strategically located in between Truxton Avenue and S. Sepulveda Boulevard, minutes away from the I-405 FWY and LAX airport. The subject property benefits from a vehicular traffic count of 31,000+ CPD, with that figure rapidly increasing due to Westchester’s new developments. Some of these new developments include: 6711 S. Sepulveda Boulevard−an eight story 180-unit apartment complex scheduled to be completed in 2021, 6733 S Sepulveda Boulevard – a five story 176-unit apartment complex, and the new Conrac facility – a 6.4M square foot rental car facility that will be home to 18,000 rental cars (scheduled to be completed in 2023), just to name a few. Some national tenants that reside close to the property include: Subway, IHOP, CVS, Del Taco, HomeGoods, Staples, and Jiffy Lube, just to name a few.