$640,000
$649,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
4,290 Sqft Lot
SOLD DATE : 11/18/2024
Key Details
Sold Price $640,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24389947
Sold Date 11/18/24
HOA Y/N No
Year Built 1949
Lot Size 4,290 Sqft
Property Description
We are pleased to present this unique opportunity to purchase a +/- 4,000 square foot retail building. The building is situated on a +/- 4,290 square foot lot, zoned LCC3 and located in South Los Angeles. Can be delivered vacant or with LOI's in hand offering an approximate 7.7% in-place cap rate upon purchase. Successful Hardware Store with an Estimated $360,000 in equipment sold with Property (no cost for inventory to successful Buyer). Perfect for Owner-User/Investor. Strategically positioned between 7-Eleven and El Super (rapidly expanding supermarket chain), the subject property enjoys prime visibility and accessibility. Just east of Firestone Blvd and Central Ave, this intersection is the main retail corridor serving the surrounding 53,000 single-family homes with an average of 4.2 persons per household in a 2-mile radius. From national brands like KFC, Taco Bell, Family Dollar, Church's, and Burger King, to local services like laundry, auto repair, florist, barbershop, mobile phone provider, and church, 1118 Firestone is in the center of it all.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LCC3*
Interior
Fireplace No
Building
Story 1
Others
Tax ID 6043001006
Special Listing Condition Standard
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