We are pleased to announce that we have recently sold a well located property at 4525 Sepulveda Blvd. This property is a retail building, which boasts three tenants and a billboard, making it a solid investment opportunity for any investor looking to expand their portfolio.
One of the most notable features of this property is its strategic location. Situated right next to the 101 and 405 Junction, the property enjoys excellent accessibility and visibility, making it an ideal location for any business. This property is perfectly located to draw traffic from multiple sources, including commuters and residents.
The building’s square footage is 4,183, providing ample space for businesses to thrive. The lot square footage is equally ample, measuring 6,660, which is enough space to accommodate 6 employee parking spaces. The property was built in 1952, and was remodeled in 2019. It has been well-maintained over the years, making it a solid investment for the buyer.
The property’s three tenants are a testament to the property’s potential for generating income. Each tenant offers a unique service, which makes it possible to have a diverse income stream for the property. The property also comes with a public parking lot in the back, providing parking for all tenants’ customers and employees.
It is essential to note that there may have been soil contamination on the property due to one of the tenants being a dry cleaner. However, this did not discourage the buyer from acquiring the property. The buyer recognized the value of the property which included a billboard, which was a significant selling point for them.
The billboard is located in a prime spot, visible to a high volume of traffic passing through the busy intersection and freeway. This feature provides the buyer with an opportunity to generate additional income by leasing the billboard space to other businesses.
In conclusion, we are thrilled to have been a part of this transaction and are confident that the new owner will enjoy significant returns on their investment.