Seize the chance to own a high-performing, income-generating property in a prime location! This well-maintained commercial building is currently leased to a well-established home healthcare agency at $12,240 per month on a Triple Net (NNN) lease through September 2031, with a 3% annual rent increase and an option to renew. The NNN lease requires the tenant to cover all costs, including charges, taxes, insurance premiums, U&O tax, and utilities—providing you with a truly passive income stream. Step inside to find a spacious and welcoming waiting room that leads to seven office spaces, two large conference rooms, a dedicated therapy room, a kitchen, and five half bathrooms. The property also offers multiple versatile areas in the back, perfect for hosting events, speakers, or educational programs. Additionally, there’s a large, clean basement space, enhancing the property's functionality. Positioned on Ogontz Avenue, ensuring high visibility and accessibility. With a stable tenant in place and built-in rental growth, this is a solid investment opportunity that promises reliable income. Don’t miss out on this exceptional investment—schedule your showing today and unlock the potential of this remarkable property!
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| List Price | $1,300,000 |
| Property Type | Office |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 882918230 |
| MLS # | PAPH2444556 |
| Property ID | 321281478 |
| Lot Sqft | 3,861 |
| Zoning | CMX2 |
| Date Updated | May 21, 2025 |
| Date Created | February 17, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $146,880 | $0 |
| Net Income (Yr) | $ 142,880 |
| Cap Rate | 11.00% |
Ryan M Kanofsky an agent of . Lic #RS313340
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT