$1,825,000
$2,300,000
20.7%For more information regarding the value of a property, please contact us for a free consultation.
0.63 Acres Lot
SOLD DATE : 11/07/2024
Key Details
Sold Price $1,825,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24172926
Sold Date 11/07/24
HOA Y/N No
Year Built 1963
Lot Size 0.632 Acres
Property Description
Excellent Opportunity for either an Owner User or Investment! It is located on the High Traffic corridor, Whittier Blvd in the city of Pico Rivera, just minutes from all major local freeways including the 605, 5, 60 & the 105. The property consists of 9 units with 10ft entry doors and individual bathrooms, totaling 11,000sf. With a Light Industrial Zoning, there is a vast range of businesses that would be permitted at this site. The building is set up perfectly for an Owner User to occupy their portion and lease out the remainder, yielding endless potential. Currently it is 100% tenant occupied, all on month-to-month leases, earning $145,000 of GOI. Tenants are currently paying their own utilities while owner pays water & trash. With a lot size of nearly 30,000sf, there is plenty of room for parking and additional storage. Phase 1 & Phase 2 reports have both been completed and have come back clean! Please contact Listing Broker for any and all information regarding, rent rolls, estoppels, environmental reports and any zoning information. Take Advantage of this Fantastic Opportunity!
Location
State CA
County Los Angeles
Area 649 - Pico Rivera
Zoning Light Industrial
Interior
Fireplace No
Laundry None
Exterior
Fence Wrought Iron
Building
Lot Description Level, Paved
Story 1
Water Public
Others
Tax ID 6348021005
Financing Cash
Special Listing Condition Standard
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Bought with Angelo Sabadin • ANGELO SABADIN, BROKER
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com