$2,500,000
$2,500,000
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12,222 SqFt
SOLD DATE : 09/28/2022
Key Details
Sold Price $2,500,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 12,222 sqft
Price per Sqft $204
MLS Listing ID CRTR22037959
Sold Date 09/28/22
HOA Y/N No
Year Built 1980
Lot Size 0.749 Acres
Acres 0.75
Property Sub-Type Retail
Property Description
Current Rent Roll shows approximately $11,400 per month. Most tenants are month by month and extremely below market rent. Owners have own the property for over 38 years. Over the years owner form friendships with tenants; thus, they never increase their rent year over year but most tenants with way below market rent is month by month. Some tenants have been occupying for close to 20 years now. Pro forma rent is about $16k NNN. ($1.25 NNN for RETAIL UNITS and $1.25 gross for offices) Very good location and condition. The building was built in 1980, Lot size: 33,106 sq ft and Building Size: 12,222 sq ft. Total 15 units – 7 retail store with individual restrooms 8 office, share 2 men and 2 women restrooms Parking spaces: 48 + 2 handicap
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 8401002012
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Bought with GeneralNonmember
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