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127 N Mansfield Ave

Greater Wilshire, Los Angeles, CA
Floors
1
Total Size
7,500 sqft
Zoning
Year Constructed
1997
Year Renovated
1997
Building Class

About 127 N Mansfield Ave

This listing is for two income producing properties in Mansfield, La---City Feed & Garden Center and Mansfield Mini Storage. City Feed is presently operated by the owner and if purchaser does not wish to operate it, it can easily be leased out for additional NNN income. The mini storage facility has 176 units and is 98% occupied producing an excellent cap rate. There is also more land available for an additional 20 more mini storage units.

This rare opportunity provides a great potential for an absentee owner since the lessee of the Feed & Garden can manage the mini storage facility for reduced rental rate.

Properties sold as a package buy. Owner will not divide the two businesses for separate purchase.

Financials available for serious buyers upon request. - Building condition: Excellent - Tenancy: Multiple Tenants

Internet Providers for 127 N Mansfield Ave

Provider Technology Max Download Speed Max Upload Speed
TIME WARNER CABLE Cable
100 Mb/s
6 Mb/s
AT&T California DSL
25 Mb/s
3 Mb/s
Megapath DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: Greater Wilshire

The typical asking rate per listing is in the $60's per square foot per year. The Greater Wilshire region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Greater Wilshire submarket has greater rates, and you'll need to pay a premium to be in this hot region.

Median Rate Median Size
Greater Wilshire $63
/sqft/yr
5,390
sqft
Median Rate Median Size
Metropolitan Los Angeles $32
/sqft/yr
2,210
sqft

Median Rate over Time in Greater Wilshire