$1,715,000
$1,715,000
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6,406 SqFt
SOLD DATE : 10/22/2021
Key Details
Sold Price $1,715,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 6,406 sqft
Price per Sqft $267
MLS Listing ID DW21089069
Sold Date 10/22/21
HOA Y/N No
Year Built 1960
Lot Size 0.406 Acres
Acres 0.406
Property Description
This is a true 6.03% cap rate based on actual income. This multi tenant automotive investment opportunity is located in Bell, CA. The building consists of 5 units, however, 3 tenants occupy 100% of the building. The property is well laid out with 7 automotive bays in total. An oversized lot provides the tenants with ample parking as well. There is a large pole sign that brings added visibility to the center. Tenants are all paying their full rent and the center is always buzzing with activity. 2021 Capital Improvements: New elastomeric roof coating system over units 6929 and 6929 1/2 (5 year warranty). Brand new sewer line. Seller has a Phase 1 and Phase 2, with soil samples. No environmental concerns. See supplement for complete rent roll.
Location
State CA
County Los Angeles
Area T6 - Maywood, Bell
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description Level, Rectangular Lot
Water Public
Others
Tax ID 6325023015
Financing Cash
Special Listing Condition Standard
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Bought with NONE NONE • None MRML
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