$1,400,000
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2,856 SqFt
SOLD DATE : 12/05/2023
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,856 sqft
Price per Sqft $490
MLS Listing ID IG23022332
Sold Date 12/05/23
HOA Y/N No
Year Built 1967
Lot Size 8,568 Sqft
Acres 0.1967
Property Description
This neighborhood retail center with only 2 units right on Imperial highway. Long term & good tenants. Close to 605 & 105 Fwy. Right Across from the 4 major apartment complex. High dense neighborhood. 1st unit is up & running well established Laundromat business. 2nd unit is a well established smoke shop. Property has good face lift with recently installed roof and new asphalt parking's. Asking at 4% caprate. Potential to increase cap rate. Property has two address 8630 & 8636 Imperial hwy. Ideal for 1031 exchange.
Location
State CA
County Los Angeles
Area D3 - Southwest Downey, S Of Firestone, W Of Downey
Zoning DOC1
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Fireplace No
Laundry See Remarks
Building
Lot Description 2-5 Units/Acre
Water Public
Others
Tax ID 6263009037
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Edwin Contreras • VISMAR REAL ESTATE
"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