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Sally Lee
marketing@thewhipplegroup.com$ 2,200,000
Est. payment | /mo
5,005 Sqft Lot
$ 2,200,000
Est. payment | /mo
5,005 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW23158483
HOA Y/N No
Year Built 1923
Lot Size 5,005 Sqft
Property Description
MASSIVE UPSIDE with a proforma CAP of 7.44%. NOI is $223,200 and gross income is $372,000. Property has a new roof!! 15 studio rentals upstairs are vacant and need to stripped down to the studs. Five lower retail units are in average condition. Two are currently rented at $1,500/mo with month to month tenants that will vacate upon sale. All commercial units will be delivered vacant. Located a half mile East of the 710 freeway with great rental demand in the area. This would be a great Section 8 play or great for government sponsored tenants. Would also work for regular tenants as well (after reno). Great opportunity and this will NOT last
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Building
Lot Description Street Level
Story 2
Water Public
Others
Tax ID 7272001002
Acceptable Financing Cash, Cash to New Loan, Court Approval
Listing Terms Cash, Cash to New Loan, Court Approval
Special Listing Condition Third Party Approval, Probate Listing
Listed by Mark Velasco • West Shores Realty, Inc. • 626-392-9499
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Sally Lee
Marketing Director and Agent | License ID: 02122928