$1,230,000
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7,344 Sqft Lot
SOLD DATE : 01/20/2021
Key Details
Sold Price $1,230,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-105
MLS Listing ID 320003052
Sold Date 01/20/21
HOA Y/N No
Year Built 1921
Lot Size 7,344 Sqft
Property Description
This property shows pride in ownership! This is an excellent investment/owner user opportunity by owning your own business with the property. Being a neighborhood grocery store and an essential business, this has truly been a life savior for the people living in the neighborhood. Corner Market this a lovely neighborhood grocery store about 1190 sqft with additional 450 sqft storage. The back has a two bedroom house and is renter occupied. Which gives an additional income of $2000/ month and has a two car parking spot. The 450 sqft storage and the two car garage that belongs to the grocery store can be converted to an ADU (accessory dwelling unit) or guest house. $600/ month additional income from the water vending machine that can have a potential income of $1200/ month if owned by the grocery store. Total monthly income can be from $7000 to $8500/month. Centrally located to downtown Glendale, Americana and Galleria, downtown Montrose, Old Town Pasadena and the Rose Parade. Close to GCC, PCC and Cal Tech, downtown LA and Hollywood attractions and theaters like Music Center, Disney Concert Hall, Nokia Theatre, Dolby, Pantages Theaters, Staples Center, LA Live, etc. This property is just a few blocks from Downtown Glendale, the Americana and Glendale Galleria. Corner Market has amazing 4.5 star Yelp reviews and is a neighborhood favorite! Option to built 4 or 5 units Everything in this area sells quickly, priced right and will not last long in this market.
Location
State CA
County Los Angeles
Area 628 - Glendale-South Of 134 Fwy
Zoning R1650
Interior
Fireplace No
Exterior
Garage Spaces 6.0
Garage Description 6.0
View Y/N No
Private Pool No
Building
Entry Level One
Level or Stories One
New Construction No
Others
Tax ID 5637020038
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing CashtoLoan
Special Listing Condition Standard
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Bought with Arutyun Kostikyan • HK Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
25101 The Old Road Suite 240, Ranch, Ca, 91381, United States