$16.9MM - RETAIL/SHOPPING CENTER INVESTMENT OPPORTUNITY - DTLA - 90021 (Moshe)

778 E 12th St Los Angeles, CA 90021

FOR SALE Incentives
Property Type:
Street Retail
Amount:
$16,875,000
Last Verified:
Jul 05, 2017


Description

Asking Price:
$16,875,000
Due Diligence :
up to 30 days
Closing Period:
up to 30 days
Deposit:
$506,250 min

-


Year Built: 1968
Building Size: 12000.0sq ft
Lot Size: 0.28 acres

Map of 778 E 12th St , Los Angeles, CA, 90021

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.