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Listed by John Gessford • Lee & Associates Realty Group
$1,485,000
Est. payment /mo
3,203 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,203 sqft
Price per Sqft $463
MLS Listing ID CROC25202494
HOA Y/N No
Year Built 1952
Lot Size 7,524 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
First time on the market in over 41 years. Current rents are substantially below market rent, providing tremendous rental income upside for the Buyer. More upside revenue potential with the Laundry Room. Currently, there the laundry machines are free of charge to the tenants. Rare private garages for each tenant. Another potential source of additional income. RECENT IMPROVEMENTS: All new garage doors installed April 2024. New roof installed March 2018. Upgraded electrical panel and system. Proforma Cap Rate is 7.33% Request offering memorandum from broker for complete details.
Location
State CA
County Los Angeles
Interior
Heating Other
Fireplace No
Appliance Dryer
Laundry Dryer, Laundry Room, Washer
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613