4520 Sepulveda

    Culver City, CA 90230
    • $15,500,000
    • STATUS: Active
    • ON SITE: 98 days
    • ID#: DW19167172
    UPDATED: 7 min ago
    $15,500,000
    • 0
      BEDS
    • 1.98
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,500
      SQFT
    • $689
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    HUGE PRICE REDUCTION!!! $2M PRICE REDUCTION!!! SELLER IS MOTIVATED AND IS WILLING TO LOOK AT ANY REASONABLE OFFER! Apex Properties is pleased to present this extremely rare opportunity to acquire a 100% Fee-Simple Interest in a single Tenant Pep Boys property with 86,050 sq ft of land in Culver City. Pep Boys signed a ground lease for the entire property in 1995 which expires in 2026. There will be a 12% increase in base rent in 2021. The Tenant also has (2) 5 year options to extend the terms of the lease with a 12% increase at each executed option.At 1.97 acres of land with Commercial Zoning, this property has strong future development potential of commercial or residential units. Please feel free to contact us with any inquiries!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T19:38:12.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
    www.sdluxe.com/homes/96900099

    4520 Sepulveda Culver City, CA 90230

    • Price: $15,500,000
    • Status: Active
    • Updated: 7 min ago
    • ID#: DW19167172
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.98
    Acres
    22,500
    SQFT
    $689
    $/SQFT
    Neighborhood:
    C28 - Culver City
    County:
    Los Angeles
    Area:
    C28 - Culver City
    Property Description
    HUGE PRICE REDUCTION!!! $2M PRICE REDUCTION!!! SELLER IS MOTIVATED AND IS WILLING TO LOOK AT ANY REASONABLE OFFER! Apex Properties is pleased to present this extremely rare opportunity to acquire a 100% Fee-Simple Interest in a single Tenant Pep Boys property with 86,050 sq ft of land in Culver City. Pep Boys signed a ground lease for the entire property in 1995 which expires in 2026. There will be a 12% increase in base rent in 2021. The Tenant also has (2) 5 year options to extend the terms of the lease with a 12% increase at each executed option.At 1.97 acres of land with Commercial Zoning, this property has strong future development potential of commercial or residential units. Please feel free to contact us with any inquiries!
    Exterior Features

    Lot Features 0-1 Unit/AcreLot Over 40000 SqftRectangular LotLevelValue In Land Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 4215-007-019 Additional Parcels YN Yes Building Area Units Square Feet Building Status Existing Country Us Land Lease YN No Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Retail Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Eric Mandell of Apex Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T19:38:12.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037