Situated on a large 0.6-acre lot less than a half block to the north of the signalized corner of S. Fetterly Ave. and Whittier Blvd. The offering consists of a two story, 18,440 rentable sqft. multi-tenant retail building constructed in 1990 and a surface parking lot that consists of 44 spaces. The property benefits from easy ingress-egrees from two curb cuts on Fetterly Ave. and features loading access from an alleyway to the south of the premises. The property currently generates a 4.84% capitalization on actual income and is 75% occupied to a strong mix of local daily needs tenants that cater to the surrounding population, many of whom are on below market leases. Excellent opportunity to purchase a property with a consistent income.
The offering is in an excellent location in the heart of East Los Angeles's central business district on Fetterly Avenue less than a half block from bustling Whitter Boulevard.