Sold

3554 E 1st St

Los Angeles, CA 90063

$1,045,000

The subject property consists of a two unit retail building.  The property  is occupied by the U.S. Marines and a flower shop.   The Marines’ 5 year lease commenced on February 15, 2018 and prior to moving into the unit, the building was upgraded at a cost of roughly $300,000, with the U.S. Government paying approximately $250,000 of the total build out cost and the current owner covering the balance of approximately $50,000.   Most of the building was stripped down to the bear bones and built back up brand new.   A brand new roof was installed in 2016 as well.

The flower shop tenant has been at this location for approximately 1 year and they have just entered into a brand new 2 year lease commencing May 1, 2018, demonstrating their commitment to the site.

  • Retail
  • 2,501
  • 5,430
  • 3102