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$4,595,000
Est. payment /mo
20,880 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 20,880 sqft
Price per Sqft $220
MLS Listing ID CL26859211
HOA Y/N No
Year Built 1965
Lot Size 0.541 Acres
Acres 0.5415
Property Sub-Type Other
Property Description
INCREDIBLE AND HARD TO FIND ASSUMABLE LOAN FOR 65% OF THE PURCHASE PRICE!!!!!!!!!!!!!!!!!!! 3.75% FIXED- $3,000,000 - VALID FOR 4 MORE YEARS UNTIL 6/1/2030; Corner Lot measuring 23,586 square feet; Ideal unit mix of Fourteen (2+2) and Nine ( 1+1), and one (1) SIngle existing ADU almost complete; Bright units with private balconies or patios; Strong in-place rents with current cap rate of 7.57%; GIM equal to 8.3; Spacious Floorplans with average unit size of 908 square feet; Copper plumbing; Plans and permits for 2 additional attached ADU apartments which when completed will satisfy the Seismic Retrofit requirement (Buyer to Verify); On-Site Laundry Facilities; Ample parking spaces. Marketing package attached under DOCS.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 2219016038
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Listed by Jeanette Monfared • Marcus & Millichap
NEARBY SCHOOL & BUSINESS
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Parisa Samimi
Founder & Real Estate Broker License ID: 01858122
Founder & Real Estate Broker License ID: 01858122