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$2,200,000
Est. payment /mo
5,977 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,977 sqft
Price per Sqft $368
MLS Listing ID CL26651133
HOA Y/N No
Year Built 1947
Lot Size 0.503 Acres
Acres 0.5
Property Sub-Type Other
Property Description
Buy this for the bread and butter, monetize the upside for the beef. Check out the rents compared to market rents; it looks like 36% upside may be a good estimate. Seller may carry a first trust deed note at market rates, approximately 50% LTV. Lots of open space for ADU's on this 1/2 Acre lot. Per SB 1211, build up to 8 ADU's, subject to State laws, local ordinances, and City of Bell entitlement and permitting requirements. Be sure to vet and validate potential for rent increase and development for your client.
Location
State CA
County Los Angeles
Zoning BLR3YY
Interior
Heating Other
Fireplace No
Building
New Construction No
Others
Tax ID 6326020006
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Listed by Carlos A.G. Gonzalez • DealTrade Inc.
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122