Retail Building in Westwood Village Listed by Marcus & Millichap at 1064 Gayley Avenue
FOR SALE
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$3,300,000
1064 Gayley Avenue, Los Angeles, CA 90024
3,437 SF
Square Feet
$960
PPSF
9.09%
CAP
Property Description
NOI
$300,123
Cap Rate
9.09%
This unique 3,437-square-foot retail building is near iconic restaurants and retailers in a prime West Los Angeles trade area. Gayley Avenue in Westwood Village is a constant high foot traffic area due to the local UCLA students, populous workforce, and nearby residents. This property is directly next to Westwood Village Anchor, Whole Foods, which retains a consistent flow of visitors every day.
Property Details
Asset Type
Retail
Year Built
1949
Lot Size
4,400 SF
Neighborhood
Westwood Village
Submarket
Los Angeles
ZIP
90024
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$476,145
Debt Service Coverage Ratio (DSCR)
2.54x
Cap Rate
14.43%
Cash Flow (Annual)
$288,421
Cash-on-Cash Return
34.96%
Monthly Debt Service
$15,644
Annual Debt Service
$187,724
View on Map
Address
1064 Gayley Avenue
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Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.
