Total Realty Group is proud to present this 4,183 SF building on a6,660 SF lot, abutting the 405 freeway and directly across the street from Whole Foods Market. This property is a solid investment on its current income and features. It is operating as 3units with an additional income from the billboard on top of it.… It has 6 parking spaces, 2 for each unit. Behind the property is a public parking lot with over 50 spaces of public parking. The floors were recently updated in two of the units with vinyl wood planking.All the units pay for their own utilities and expenses. The owner has paid for the occasional AC and roof repair. Those are all great things, but what sets this property apart from others is that the billboard has applied to be a digital billboard. If accepted by California, the lease will increase to $73,000 a year to $129,000after 16 years. The advertised 8.8% proforma cap rate could eventually be a 10.9% cap rate which is unheard of in today's market. Another company, Adquick, has 96 digital billboards currently operated in Los Angeles so there is a likelihood that the current location will be accepted as well. Buyer to verify all information. Read More