Description
This property consists of a ±1,925 sq.ft. building with ±200 sq.ft. of office space on a ±8,216 sq.ft. lot. Two grade level doors (20′ x 10′) and a gated and secure parking lot are also in place.
Auto repair tenant pays $4,000 on a month-to-month lease, giving the new owner the ability to be an owner-user or landlord with stable income. Busy auto shop has steady demand for its recession-proof services.
At only $115 per square foot of land, the property is priced to sell. Ask the listing agent about a state grant in place for site remediation. This site offers a savvy investor or developer a wide variety of options plus the ability to have an income-generating property during entitlement and development process.
The city of Los Angeles has declared a state of emergency around homelessness and has pledged a streamlined entitlement and permitting timeline for 100% affordable projects. No parking is required for 100% affordable projects.
Please do not disturb tenants.
Property Features:
- List Price: $950,000
- Building Sq.Ft: ±1,925 SF
- Office Space: ±200 SF
- Lot Size Sq.Ft.: ±8,216 SF
- Price Per Sq.Ft. (Land): $115.63
- Grade Level Doors: Two (20′ x 10′)
- Zoning: C2-1VL-CPIO
- APN: 6015-012-001
- Monthly Income: $4,000 (MTM Lease) Tenant pays all expenses except Property Taxes.
