1860 Firestone Boulevard

    Los Angeles (City), CA 90001
    • $1,050,000
    • STATUS: Active
    • ON SITE: 80 days
    • ID#: DW19176025
    UPDATED: 73 min ago
    $1,050,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,436
      SQFT
    • $141
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1926
    County:

    School Ratings & Info

    Description

    Don+GGt miss out on this great investment opportunity located on a highly visible street. The property is comprised of 3 units (2 below and 1 above). One unit is owner-occupied and currently being used as an Alternator business. The other 2 units are currently vacant and can be leased out immediately. There is a remarkable value-add proposition for a prospective buyer who would be interested in re-positioning an asset and generate a great return on their investment. Market rates for a fully renovated unit in that area ranges from $15/SF to $18/SF which represents a future value north of $1.6M. The property will be delivered vacant at close of escrow. Please feel free to contact us for more information.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-13T18:32:22.56. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/97230713

    1860 Firestone Boulevard Los Angeles (City), CA 90001

    • Price: $1,050,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: DW19176025
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,436
    SQFT
    $141
    $/SQFT
    1926
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Don+GGt miss out on this great investment opportunity located on a highly visible street. The property is comprised of 3 units (2 below and 1 above). One unit is owner-occupied and currently being used as an Alternator business. The other 2 units are currently vacant and can be leased out immediately. There is a remarkable value-add proposition for a prospective buyer who would be interested in re-positioning an asset and generate a great return on their investment. Market rates for a fully renovated unit in that area ranges from $15/SF to $18/SF which represents a future value north of $1.6M. The property will be delivered vacant at close of escrow. Please feel free to contact us for more information.
    Exterior Features

    Lot Features Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 0 Property Sub Type Retail Special Listing Conditions Standard Water Source Public Zoning C3

    Listing provided courtesy of Mayra Nicolas of Keller Williams Realty Downey and Pavan Maddi of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-13T18:32:22.56. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
    RE/MAX Masters
    475 E. Badillo Street
    Covina CA, 91723