Address
12118 Santa Monica Boulevard Los Angeles, CA
Price
$ 2,495,000
Property Attributes
  • MLS#SB20220510
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaWest Los Angeles
  • Zip90025
  • StyleRetail
  • Price$ 2,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3210
Listing Provided Courtesy Of:
Howard Gunderson with Marian Keith.
Property Description

12118, 12120, 12122, 12124 SANTA MONICA BLVD. 4 STORES, ALL RENTED MONTH TO MONTH. MONTHLY RENT TOTAL IS $8500.00, $102,000.00 PER YEAR, ABOUT 4.1 X GROSS. LONG TERM TENANTS, MOST THERE FOR 30 YEARS, ALL WANT TO STAY. HAIR SALON IS $2500.00 A MONTH, OTHERS ARE $2000.00 EACH. 3210 SQUARE FEET, STEEL POST AND STUCCO CONSTRUCTION. ROOF ABOUT 12 YEARS OLD. 40 FEET FRONTAGE ON BUSY SANTA MONICA BLVD., NEAR BUNDY. ON BUS LINE. NO PARKING BUT NOT A PROBLEM FOR THIS TYPE OF TENANT. IN THE HEART OF WEST LOS ANGELES, CLOSE TO STARBUCKS, IHOP, SMART & FINAL. BUILDING IS 32 FEET HIGH PROVIDING AMPLE SIGN SPACE. EACH UNIT HAS FRONT AND BACK ACCESS, OFFICE SPACE AN A BATHROOM. SEPARATE ELECTRICAL METERS FOR EACH TENANT. TENANTS PROVIDE OWN HEATING AND COOLING, IF ANY. OWNER ONLY PAYS WATER, ABOUT $600.00 PER YEAR. LOW MAINTENANCE. CLOSE TO SANTA MONICA, BRENTWOOD,WEST WOOD, BEL AIR, BEVERLY HILLS. EASY ACCESS TO 10 FREEWAY BY GOING SOUTH ON BUNDY OR THE 45 BY GOING EAST ON SANTA MONICA. SELLER IS DOING A 1031 EXCHANGE AND IS IN ESCROW ON THE UP LEG PROPERTY.

Price History
10/20/2020 Listed $2,495,000

General Features

Business Type Mixed, Retail
Construction Materials Glass, Plaster, Steel, Stucco
Current Financing None
Directions NEAR CORNER OF BUNDY AND SANTA MONICA
Heating None
Listagentaor South Bay
Listing Agent Howard Gunderson - BRE#00554522
Listing Agent State License 00554522
MLS Area WLA - West Los Angeles
Number of Units Leased 4
Price Per Square Foot 777.26
Property SubType Retail
Property Type Commercial Sale
Roof Rolled/Hot Mop
Source System CRMLS
Special Listing Conditions Standard
Utilities Electricity Connected, Sewer Connected, Water Connected
Zoning LAC2

Interior Features

Condo Area Unit Type Square Feet
Laundry Features None
Total Stories 1

Exterior Features

Building Area Total 3210.00
Land Use Retail
Lot Size Source Assessor
Number of Buildings 1
Total Parking 0.00
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 $1.55M
$2.5M
Visits
AVG 8
11
Year Built
AVG 1947
1947

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