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COLDWELL BANKER COMMERCIAL NRT
Steve Chang, Manager& Broker since 1978
BRE # 00526521
500 S. Grand Ave., Los Angeles, Ca. 90071
(213) 447-7491 (C) * (213) 406-9200(O) * (213) 406-9905(F)
Presents
KOREATOWN SHOPPING CENTER/TRANSIT
ORIENTED POSSIBLE DELOPMENT PROJECT
May 12, 2017
Front View
View for Shopping Center
6th St & Westmoreland
(Whole property)
Site Vicinity
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Site Map
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Location Map
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District Location
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Body Shop
PROPERTY DISCRIPTION
-Year built 1992
- Building Size 12,250 SF
- Lot Size 21,053 SF
- Parking 1.5:1 (possible
31,579 Buildable SF)
-Zoning LAC2-1
-Parcel No 5077-004-034
-Address 3033 W.6th Street &
534 S. Westmoreland
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Investment Highlight -Three Blocks from the Wilshire/Vermont
Metro Station providing the Purple & Red
Lines
-Great opportunity to acquire an excellent
Investor property with redevelopment
potential
-Affluent Community & Major Korean American
Community Shopping Area
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Location Highlight
-Prime location north of Wilshire &
Wilshire/Vermont Metro Sub-way Station
-Property has 110SF frontage on high traffic
area close to Vermont and Wilshire Blvd.
-Depth of 150 SF with zoning which will be
permitted build Apartment complex
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Investment Highlight
-Most Vibrant & busiest street areas in the
Koreatown in Los Angeles
-Major Medical doctor’s office building
surrounding area & California’s major retail
mart,”Target” near one block away
-High rise Apartments Complex &
Condominium projects
Tenants information & Rent roll
Suite Tenant Rent Orig. Lease Option
102 Zuniga’s Market $3,750 10/2014-10/2017 6 yrs
103 Shin Chon Rest. $3,296 06/2015-06/2020 10 yrs
104-105 Yuk Gae Jang Rest. $5,047 11/2016-11/2021 10 yrs
106 Scissor Sketch $2,400 08/2016-08/2019 4 yrs
107 Sweetea Boba $1,980 03/2017-03/2022 10 yrs
101 Olympic Auto Body $10,000
(Owner will be leased back for any years or anytime release the lease contract
If buyer want to develop the site)
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Investment highlight
Total Income NNN-$26,473/mo
$317,676/Yr
Total Occupancy-100%
Cap: 3.2%