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PRICE $2,200,000 dsIDX morgage calculator
SIZE 9,200 sqft
LOT SIZE 5,006 sqft

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

DAYS ON MARKET 412 LAST UPDATED 8/12/2024
YEAR BUILT 1923 COMMUNITY Not Defined
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Nov 14, '23 $3,000,000
Nov 14, '23 - Today $2,200,000


ADDITIONAL DETAILS
AREA Not Defined
LOT 5003 sq ft
LOT DESCRIPTION Street Level
STORIES 2
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with West Shores Realty, Inc.

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