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Mixed-Use

4973 N Huntington Dr

4973 N Huntington Dr, Los Angeles, CA 90032

Listing Price: $1,495,000

Cap Rate
3.70%
Number of Units
4
Occupancy
83.0%
Price/Unit
$373,750
Price/Gross SF
$327.85
Gross SF
4,560

Investment Overview

Marcus & Millichap is pleased to present a rare mixed-use, retail/residential property in a highly sought-after market. Located at 4973 Huntington Dr, on the signalized intersection of Pueblo Ave and Huntington Dr (35,000 VPD), the offering consists of two buildings totaling approximately 4,560 square feet situated on a 0.17-acre C4 zoned parcel. 4973 Huntington Dr is a single-story, two building property built in 1926. The property consists of two commercial units (1,500 SF each) with heigh clear height (18 FT) and two large 1+1 apartment units (780 SF each) located in the back and away from the street. One apartment unit has recently been renovated with an in-unit washer/dryer, bathroom fixtures, wood flooring, updated kitchen appliances, granite countertops and will be delivered vacant. This site is accompanied by only a handful of other mixed-use properties in the vicinity. The buildings are conveniently located just a few miles from the 110, 5, 10 and 710 Freeway and Huntington Dr allows for easy access to Downtown Los Angeles, Pasadena and Highland Park. Adjacent to the property are a considerable number of credit tenants (McDonald’s, Jack in the Box, Chase Bank) and the area is largely increasingly growing in popularity. Additionally, the building boasts a walk score of 88 (Very Walkable), allowing for ease of use to get from one place to another. This, coupled with the fact that there are more than 750,000 people and an average household income over $90,000 within 5-miles, will only help accelerate the continued rapid appreciation of this area.

Investment Highlights

  • Rare Mixed-Use Property on a Busy Signalized Intersection (35,000 VPD)
  • Two M-T-M Retail Units (1,500 SF Each) with High Ceiling Height (18 Ft)
  • Large Two 1+1 Apartment Units (780 SF Each) & One Renovated Apartment Delivered Vacant

Exclusively Listed By

Financing By

Listing Price: $1,495,000

Cap Rate
3.70%
Number of Units
4
Occupancy
83.0%
Price/Unit
$373,750
Price/Gross SF
$327.85
Gross SF
4,560

Investment Highlights

  • Rare Mixed-Use Property on a Busy Signalized Intersection (35,000 VPD)
  • Two M-T-M Retail Units (1,500 SF Each) with High Ceiling Height (18 Ft)
  • Large Two 1+1 Apartment Units (780 SF Each) & One Renovated Apartment Delivered Vacant

Investment Overview

Marcus & Millichap is pleased to present a rare mixed-use, retail/residential property in a highly sought-after market. Located at 4973 Huntington Dr, on the signalized intersection of Pueblo Ave and Huntington Dr (35,000 VPD), the offering consists of two buildings totaling approximately 4,560 square feet situated on a 0.17-acre C4 zoned parcel. 4973 Huntington Dr is a single-story, two building property built in 1926. The property consists of two commercial units (1,500 SF each) with heigh clear height (18 FT) and two large 1+1 apartment units (780 SF each) located in the back and away from the street. One apartment unit has recently been renovated with an in-unit washer/dryer, bathroom fixtures, wood flooring, updated kitchen appliances, granite countertops and will be delivered vacant. This site is accompanied by only a handful of other mixed-use properties in the vicinity. The buildings are conveniently located just a few miles from the 110, 5, 10 and 710 Freeway and Huntington Dr allows for easy access to Downtown Los Angeles, Pasadena and Highland Park. Adjacent to the property are a considerable number of credit tenants (McDonald’s, Jack in the Box, Chase Bank) and the area is largely increasingly growing in popularity. Additionally, the building boasts a walk score of 88 (Very Walkable), allowing for ease of use to get from one place to another. This, coupled with the fact that there are more than 750,000 people and an average household income over $90,000 within 5-miles, will only help accelerate the continued rapid appreciation of this area.

Exclusively Listed By

Financing By

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