Status: SOLD!

Price $6,000,000
Units 11
Building Size 16,085 sq ft
Lot Size approx. 9,453 sq ft
Stories 3
Construction Concrete
Unit Mix 3 retail, 8 One Bedrooms
Parking none
Year Built 1924
APN # 0334 – 004

Financial Parameters

GRM  12.20
$/Unit  $545,455
$/Sq. Ft.  $373
$/Room  $222,222
Cap. Rate  6.2%
The Sun Sing Center consists of two interconnected buildings built in 1924. The building fronting Grant Avenue is 3 stories with a ground floor retail and two upper levels of residential units. The building on the rear of parcel contains the theater.   A highlight of Chinatown, the property benefits from high volume foot traffic along Grant Avenue. The unit mix consists 3 retail spaces and 8 one bedroom (3 room) apartments.  There is upside in the rents and the opportunity for a prospective buyer to add significant value to the property.
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