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Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 7,020 sqft
Price per Sqft $249
MLS Listing ID TR21127113
Sold Date 03/18/22
HOA Y/N No
Year Built 1968
Lot Size 10,193 Sqft
Acres 0.234
Lot Dimensions Assessor
Property Description
Prime investment opportunity for an owner or investor looking to add to their portfolio. This property features 7,320 SF in the front part of the building and an additional 1,500 SF in the rear that owner is using for a personal workshop. It has a restroom and also a bridge crane suspended from the ceiling that allows transfer of heavier items around the shop. Total square-feet between both properties is 8,820 SF estimate and 3 separate APNs. Total lot size 24,131 SF estimate . Frontage on Valley Blvd provides great daytime foot traffic. Easy access to both I-605 as well as I-10. The front tenant operates an established neighborhood supermarket as well as restaurant. Tenant is on a month-month rent agreement and current rent is well below market rates. There are a total of 3 electrical meters as well as 200 AMP electrical panel in the front as well as in the back of the building. New owner can benefit from using the entire property for their business or leasing the entire property at market rate for upside.
Location
State CA
County Los Angeles
Area 633 - Industry/La Puente/Valinda
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Cooling See Remarks
Fireplace No
Laundry None
Exterior
Fence None
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Tax ID 8110007002
Financing Conventional
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960