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$ 890,000
Est. payment | /mo
5,370 Sqft Lot
$ 890,000
Est. payment | /mo
5,370 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26109352
HOA Y/N No
Year Built 1957
Lot Size 5,370 Sqft
Property Sub-Type Retail
Property Description
It can be used as an investment or for personal use This storefront retail property consists of three tenants with 750 sq. ft. each.
The Tax office unit has been in business for 5 years. Juice Bar business has been in this business for 10 yr. The vacant hair salon had been in business for 10 years until the tenant decided to retire. There are five parking stalls plus one handicap parking in the back. The units are very easily rented due to the small unit size. Juice Bar and Tax Office are Base Rents $1,094.00+CAM $750.00 each a month. Hair Salon used to be $2273 a month.
The property's roof has been totally renovated. The copper water supply lines from the city main terminal were replaced and rerouted to all 3 units along with broken main drain under sidewalk. Electrical wiring in all units inspected and all 3 old and outdated electrical breaker panels replaced. This small strip is located on highly visible Rosecrans Avenue and ideally surrounded by established residences with retirees where there's growing demand for personal services of hair salons, barber, nail shops, insurance, income tax, low cost takeout foods and drinks etc. Rent right now is lower than market.
The Tax office unit has been in business for 5 years. Juice Bar business has been in this business for 10 yr. The vacant hair salon had been in business for 10 years until the tenant decided to retire. There are five parking stalls plus one handicap parking in the back. The units are very easily rented due to the small unit size. Juice Bar and Tax Office are Base Rents $1,094.00+CAM $750.00 each a month. Hair Salon used to be $2273 a month.
The property's roof has been totally renovated. The copper water supply lines from the city main terminal were replaced and rerouted to all 3 units along with broken main drain under sidewalk. Electrical wiring in all units inspected and all 3 old and outdated electrical breaker panels replaced. This small strip is located on highly visible Rosecrans Avenue and ideally surrounded by established residences with retirees where there's growing demand for personal services of hair salons, barber, nail shops, insurance, income tax, low cost takeout foods and drinks etc. Rent right now is lower than market.
Location
State CA
County Los Angeles
Area M1 - Norwalk
Interior
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre, Back Yard
Story 1
Water Public
Others
Tax ID 8073006013
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Yumei Sun Loyal Property 626-588-7759, DRE #01357230
Nearby School & Business
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