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Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW21169360
Sold Date 02/28/22
HOA Y/N No
Year Built 1924
Annual Tax Amount $12,475
Tax Year 2022
Lot Size 5,388 Sqft
Property Description
Desirble free standing retail building with a great exposure to the Main Street. This property is surrounded by highly populated commercial properties, residential properties and local businesses. The property is in a very busy traffic account area of above 22,000 with in the 1/2 mile. Great opportunity for investors or owner users. Two spaces with their own address. They are 3247 and 3249 E Gage Ave. Huntington Park. Los Angeles County. California. The building sqft is 3,136. The lot size is 5,387 including rear and side parking spaces. Zoning is HPCG. Currently, one space (60% of the total sqft) is leased to an established restaurant: (Conchitas Pupuseria). The lease is month to month. If at 100% occupancy of current rent. The property would produce 5.4% cap. Consider the rent is below the market, the property should have the potential to create higher cap at market rent. More info up on request.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry None
Exterior
Total Parking Spaces 9
Building
Lot Description Item25UnitsAcre
Story 1
Water Public
Others
Tax ID 6319015012
Financing Cash
Special Listing Condition Standard
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Bought with Sion Maher • AAAA Realty