$320,000
$300,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
5,532 Sqft Lot
SOLD DATE : 12/20/2023
Key Details
Sold Price $320,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23320115
Sold Date 12/20/23
HOA Y/N No
Year Built 1951
Lot Size 5,532 Sqft
Property Description
The property is currently 100% occupied by three tenants, Yolanda's Beauty Salon, Jo's Mini Market & Martinez Carpets. All tenants are currently on month-to-month leases. There are 4 parking spaces located in the rear of the property via alley access off of Bradfield Avenue. The property is being offered at only $154 per square foot. A new investor has the opportunity to capture significant returns by renovating the interior spaces and up grading the facade. Conservative estimates for post rehab lease rates bring the proforma cap rate to an alluring 9.74%.
Location
State CA
County Los Angeles
Area Ro - Compton S Of Rosecrans, E Of Alameda
Zoning COCL*
Interior
Fireplace No
Exterior
Total Parking Spaces 4
Building
Story 1
Others
Tax ID 6184005013
Special Listing Condition Standard
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Bought with BETTY RODRIGUEZ • REALTY MASTERS & ASSOCIATES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "