3804 W Slauson Ave Los Angeles, CA 90043

Agent Remarks: The subject property consists of two parcels of 6,701 square feet and 5449 square feet for a combined lot of 12,150 square feet, zoned LCC2YY Both APNs are 4004-002-001 and 4004-002-002. The structure located at 3804 was built in 1929 and contains 3,642 square feet. Formerly used as a partially as restaurant with a sub-division of a dance studio. It is currently is only being used as a dance school. The adjacent building at 3810 was built in 1935 and which is 3,000 square feet. The Land Use for both buildings is Retail Stores which allow for additional uses such as Retail, Personal Service, Photography and Travel. The site can also be redeveloped for multifamily and mixed use commercial by right. Prospective Buyers should conduct their own investigations and independently verify if the site is suitable for their planned use. The property is located at the corner of Slauson Avenue and Rimpau Blvd, in the Park Hills Heights area which is in close proximity to Windsor Hills, Inglewood and the Crenshaw District, all very hot locations. The site is also within walking distance to the new Metro Line being constructed on Crenshaw and within minutes of the Forum, the multi-billion dollar SoFi Stadium and Hollywood Park Development and the future home of the Los Angeles Clippers Intuit Dome. The space will be delivered vacant at the close of escrow. Assuming a conservative leasing rate of $2.25/sf, the buildings have the potential to produce almost $15,000 per month, with a potential CAP rate at 6%. There is some gated parking with alley access.

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