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Urban-High Street

2568 E Gage Ave

2568 E Gage Ave, Huntington Park, CA 90255

Listing Price: $3,350,000

Cap Rate
4.26%
Gross SF
16,856
Rentable SF
16,856
Price/Gross SF
$198.74
Lot Size
0.40 acres
Year Built
1922

Investment Overview

Marcus & Marcus Millichap is pleased to present 2568 E Gage Ave in Huntington Park, CA. A multi-tenant retail building consisting of 7 storefront retail units totaling 16,856 square feet of building on 17,244 square feet of land, ideally located in Historic Downtown Huntington Park along the consumer driven retail corridor of Pacific Blvd.

The building has unpermitted spaces that include; 1,400 square feet of mezzanine space, 3,700 square feet of basement, and 8,300 square feet on the 2nd Floor, this is a perfect opportunity for a value-add investor to maximize 13,400 square feet of unrealized potential rentable space in the building. This property is located on the signalized corner of Pacific Blvd and Gage Ave in the heart of Huntington Park, offering excellent visibility, strong demographics, and consumer-driven retail businesses.

2568 E Gage Ave presents itself as one of the most recognizable architectural buildings in Downtown Huntington Park. Historic Pacific Blvd is the principal commercial thoroughfare in Huntington Park. It will be on the market for the first time in its 100-year history. The building has been fully retrofitted and modernized. A new roof has been added in 2018. Separate meters have been installed for all tenants. Each tenant has their own power and air conditioning unit. The site is ideally located in a high vehicle and foot traffic location ideal for longstanding retail businesses. The property presents easy access to the 710, 5, and 10 freeways.

Some notable national tenants within walking distance include AT&T, Verizon, T-Mobile, and Chase Bank. Additionally, Huntington Park has looked to incentivize development, some recent projects are; the 64-unit affordable housing project at 7616 Pacific Blvd. Plans for the project consist of a four-story complex consisting of one, two, and three-bedroom apartments. A new $17.3 million dollar 48-unit Senior Housing project broke ground in April 2024 at 6101-6123 State Street. Plans for the building include studios and one-bedroom dwellings for seniors. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future.

Investment Highlights

  • Multi-Tenant Retail Storefronts
  • New Roof in 2018
  • Full Seismic Retrofit has been completed
  • Separately Metered | Air Conditioning in Each Unit
  • Centrally Located in Downtown Huntington Park
  • Signalized Corner Lot
  • Value Add Opportunity | Densely Populated
  • 13,400 Square Feet of Unpermitted Space Increased Development Underway in the Immediate Vicinity

Exclusively Listed By

Financing By

Urban-High Street

2568 E Gage Ave

Listing Price: $3,350,000

Cap Rate
4.26%
Gross SF
16,856
Rentable SF
16,856
Price/Gross SF
$198.74
Lot Size
0.40 acres
Year Built
1922

Investment Highlights

  • Multi-Tenant Retail Storefronts
  • New Roof in 2018
  • Full Seismic Retrofit has been completed
  • Separately Metered | Air Conditioning in Each Unit
  • Centrally Located in Downtown Huntington Park
  • Signalized Corner Lot
  • Value Add Opportunity | Densely Populated
  • 13,400 Square Feet of Unpermitted Space Increased Development Underway in the Immediate Vicinity

Investment Overview

Marcus & Marcus Millichap is pleased to present 2568 E Gage Ave in Huntington Park, CA. A multi-tenant retail building consisting of 7 storefront retail units totaling 16,856 square feet of building on 17,244 square feet of land, ideally located in Historic Downtown Huntington Park along the consumer driven retail corridor of Pacific Blvd. The building has unpermitted spaces that include; 1,400 square feet of mezzanine space, 3,700 square feet of basement, and 8,300 square feet on the 2nd Floor, this is a perfect opportunity for a value-add investor to maximize 13,400 square feet of unrealized potential rentable space in the building. This property is located on the signalized corner of Pacific Blvd and Gage Ave in the heart of Huntington Park, offering excellent visibility, strong demographics, and consumer-driven retail businesses. 2568 E Gage Ave presents itself as one of the most recognizable architectural buildings in Downtown Huntington Park. Historic Pacific Blvd is the principal commercial thoroughfare in Huntington Park. It will be on the market for the first time in its 100-year history. The building has been fully retrofitted and modernized. A new roof has been added in 2018. Separate meters have been installed for all tenants. Each tenant has their own power and air conditioning unit. The site is ideally located in a high vehicle and foot traffic location ideal for longstanding retail businesses. The property presents easy access to the 710, 5, and 10 freeways. Some notable national tenants within walking distance include AT&T, Verizon, T-Mobile, and Chase Bank. Additionally, Huntington Park has looked to incentivize development, some recent projects are; the 64-unit affordable housing project at 7616 Pacific Blvd. Plans for the project consist of a four-story complex consisting of one, two, and three-bedroom apartments. A new $17.3 million dollar 48-unit Senior Housing project broke ground in April 2024 at 6101-6123 State Street. Plans for the building include studios and one-bedroom dwellings for seniors. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future.

Exclusively Listed By

Financing By

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