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2550-2564 East Gage Avenue

2550-2564 East Gage Avenue, Huntington Park, CA 90255

Listing Price: $4,849,000

Cap Rate
1.45%
Gross SF
34,141
Rentable SF
34,141
Price/Gross SF
$142.03
Lot Size
0.56 acres
Year Built
1925

Investment Overview

Marcus and Millichap is very pleased to present 2550-2564 East Gage Avenue and 6400-6414 Rugby Avenue, Huntington Park, California, a Retail/Flex property with approximately 34,141 square feet located just one block from the intersection of East Gage Avenue and the infamous Pacific Boulevard, a major thoroughfare. This offering includes a signalized corner location that boasts unbeatable foot and vehicle traffic counts. There two parcels zoned HPCG totaling approximately 24,258 square feet (0.56 acres), and public parking is steps away in a recently constructed lot down the street with enough spaces for 175 vehicles.

2550-2564 East Gage Ave consists of a two-story retail building with approximately 8,577 square feet on 0.16 acres. The ground level contains seven retail storefronts and the upper level consists of about 2,250 square feet of office space with expansive views from the Downtown Los Angeles skyline to the San Gabriel Mountains. This property was originally built in 1927 and enjoys prominent signage and 150 feet of frontage along East Gage Avenue, and 47 feet of frontage along Rugby Avenue.

6400-6414 Rugby Avenue is a two-story structure built in 1925 and features approximately 25,564 square feet of retail, banquet hall, and storage space on 0.40 acres. This property has 115 feet of frontage along Rugby Avenue with four retail spaces plus a banquet hall and living quarters which can be occupied by a property manager or leased out for income. Four parking spaces are accessible from the rear alley as well as access to upstairs warehouse/storage space.
Huntington Park is a growing city and within walking distance to this property you will find an outstanding mix of high schools, middle schools, government offices, parks, and numerous restaurants and retail establishments. This neighborhood has great public transportation services and convenient access to the 10, 105, 110 and 710 freeways. Demographics are solid with an estimated 55,000 residents within a one-mile radius and 1,150,000 residents within a five-mile radius. Average Household Income is approximately $53,000 per year, and traffic counts along East Gage Avenue are about 23,000 cars per day.

Investment Highlights

  • Premium Location One Block From Pacific Boulevard
  • Approximately 34,141 Square Feet on Signalized Corner
  • Low Cost Per Square Foot with Upside Potential
  • Same Ownership for Over 22 Years
  • Solid Demographics: 1,150,000 Population Within a Five-Mile Radius
  • Unbeatable Foot and Vehicle Traffic

Exclusively Listed By

Financing By

Listing Price: $4,849,000

Cap Rate
1.45%
Gross SF
34,141
Rentable SF
34,141
Price/Gross SF
$142.03
Lot Size
0.56 acres
Year Built
1925

Investment Highlights

  • Premium Location One Block From Pacific Boulevard
  • Approximately 34,141 Square Feet on Signalized Corner
  • Low Cost Per Square Foot with Upside Potential
  • Same Ownership for Over 22 Years
  • Solid Demographics: 1,150,000 Population Within a Five-Mile Radius
  • Unbeatable Foot and Vehicle Traffic

Investment Overview

Marcus and Millichap is very pleased to present 2550-2564 East Gage Avenue and 6400-6414 Rugby Avenue, Huntington Park, California, a Retail/Flex property with approximately 34,141 square feet located just one block from the intersection of East Gage Avenue and the infamous Pacific Boulevard, a major thoroughfare. This offering includes a signalized corner location that boasts unbeatable foot and vehicle traffic counts. There two parcels zoned HPCG totaling approximately 24,258 square feet (0.56 acres), and public parking is steps away in a recently constructed lot down the street with enough spaces for 175 vehicles.

2550-2564 East Gage Ave consists of a two-story retail building with approximately 8,577 square feet on 0.16 acres. The ground level contains seven retail storefronts and the upper level consists of about 2,250 square feet of office space with expansive views from the Downtown Los Angeles skyline to the San Gabriel Mountains. This property was originally built in 1927 and enjoys prominent signage and 150 feet of frontage along East Gage Avenue, and 47 feet of frontage along Rugby Avenue.

6400-6414 Rugby Avenue is a two-story structure built in 1925 and features approximately 25,564 square feet of retail, banquet hall, and storage space on 0.40 acres. This property has 115 feet of frontage along Rugby Avenue with four retail spaces plus a banquet hall and living quarters which can be occupied by a property manager or leased out for income. Four parking spaces are accessible from the rear alley as well as access to upstairs warehouse/storage space.
Huntington Park is a growing city and within walking distance to this property you will find an outstanding mix of high schools, middle schools, government offices, parks, and numerous restaurants and retail establishments. This neighborhood has great public transportation services and convenient access to the 10, 105, 110 and 710 freeways. Demographics are solid with an estimated 55,000 residents within a one-mile radius and 1,150,000 residents within a five-mile radius. Average Household Income is approximately $53,000 per year, and traffic counts along East Gage Avenue are about 23,000 cars per day.

Exclusively Listed By

Financing By

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