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Key Details
Sold Price $587,900
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21048214
Sold Date 06/04/21
HOA Y/N No
Year Built 1948
Lot Size 8,276 Sqft
Property Description
5840 Main Street, a religious building comprised of one parcel with a total of 8,349 square feet in addition to approximately 2,000 square feet of existing building.
This prime location is within a few minutes of neighboring communities and cities. This building is conveniently located in an area known as the Hollydale neighborhood in South Gate.
This property is also located in the area for a future project known as the Hollydale Specific Plan. The Specific Plan is designed to promote mixed-use development. In addition, there will be a future metro line that is planned (the West Santa Ana Branch) in the development to be built by 2027. There are both opportunities and impacts to the Hollydale Community that are addressed in this Specific Plan. With the possibility of two transit locations in the area, there is an opportunity for capitalizing on additional visitors, workers and riders in the area, strengthening the retail environment on Garfield Avenue, as well as creating more housing choices for residents near transit. Impacts to the community include potential spillover station parking in the neighborhoods. The Strategic Growth Council has awarded a grant to the City of South Gate for the preparation of a specific plan to address these issues.
Location
State CA
County Los Angeles
Area T4 - South Gate E Of 710
Zoning CDR3
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Water Not Available
Building
Lot Description 0-1 Unit/Acre
Story 1
Water None
Others
Tax ID 6243026001
Financing Cash
Special Listing Condition Standard
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Bought with Alicia Baham • Vintage Rose Real Estate