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$ 950,000
Est. payment | /mo
8,215 Sqft Lot
$ 950,000
Est. payment | /mo
8,215 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24428637
HOA Y/N No
Year Built 1946
Lot Size 8,215 Sqft
Property Description
This property consists of a 1,925 sq.ft. building with 200 sq.ft. of office space on a 8,216 sq.ft. lot. Two grade level doors (20' x 10') and a gated and secure parking lot are also in place. Auto repair tenant pays $4,000 on a month-to-month lease, giving the new owner the ability to be an owner-user or landlord with stable income. Busy auto shop has steady demand for its recession-proof services. At only $115 per square foot of land, the property is priced to sell. Ask the listing agent about a state grant in place for site remediation. This site offers a savvy investor or developer a wide variety of options plus the ability to have an income-generating property during entitlement and development process. The city of Los Angeles has declared a state of emergency around homelessness and has pledged a streamlined entitlement and permitting timeline for 100% affordable projects. No parking is required for 100% affordable projects. Please do not disturb tenants.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Fireplace No
Exterior
Community Features Gated
Building
Story 1
Others
Tax ID 6015012001
Security Features Gated Community
Special Listing Condition Standard
Listed by Nicole Lu • Maher Commercial Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "