3009 Wabash Avenue
Los Angeles, CA 90063
0.21 acres | #CV23041066
Description
3009 Wabash Avenue is opportunity to purchase and/or lease a multi-tenant street retail/commercial single-story building that consist of 3,850+/- square feet located on a lot size of 9,338+/- square feet of semi-improved land zoned “C2” Commercial Zone, with 70 linear feet along Wabash Ave. C2 zoning provides a wide range of uses, for example any use permitted in the C1.5, C1 and CR, Carpenter, plumbing or sheet metal shop, Catering shop, Interior decorating or upholstering shop and Restaurant.
The current ownership has owned the subject property since 1987. Currently the property is occupied by three (3) tenants & one (1) billboard lease. All the current tenants are on a Month-To-Month lease term. Current annual rental income is estimated to be $48,540.00 and/or $1.14 PSF - Gross. Property maybe delivered vacant upon negotiating terms that will be acceptable to the Ownership.
Seller Financing Available: Sellers Loan: $700,000.00/ Interest Rate: 3.9% (Est. monthly payment $2,275.00), Term: 5 years, Interest only, fixed and no prepays, Down Payment: $518,000.00 and Sale Price: $1,218,000.0 0 (NON-NEGOTIABLE). for qualified Owner-user Buyers. Property is also available for Lease, Asking Rent of $2.42 (NNN) PSF. Contact Broker for more information.
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Eric Chavez (#C13925)
Listing Office: CAREBF INC (#1424)
