Address
3009 Wabash Avenue, Los Angeles, CA
Price
$ 1,218,000
Property Attributes
- MLS#CV23041066
- TypeCommercial
- CountyLOS ANGELES
- CityLos Angeles
- AreaBoyle Heights
- Zip90063
- StyleRetail
- Price$ 1,218,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3850
- Lot Size9,339 SqFt
Data Source:
California Regional MLS (CRMLS)
Property 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. SBA financing is available with only requiring a 10% down payment, 25-year loan term, the current interest rates between 6 ½ % to 8% for qualified Owner-user Buyers. Property is also available for Lease, Asking Rent of $2.42 (NNN) PSF. Contact Broker for more information.
| Price History | |
|---|---|
| 3/12/2023 | Listed $1,218,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Association Y/N | No |
| Attached Garage | No |
| Building Area Units | SquareFeet |
| Carport Y/N | No |
| City | Los Angeles |
| County | Los Angeles |
| Days on Market | 223 |
| Directions | Exit Soto St Off the I-10 Freeway |
| Garage Y/N | No |
| Home Warranty Y/N | No |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Listing Terms | Cash, CashtoNewLoan, Item1031Exchange, Submit |
| Lot Size Square Feet | 9338.0 |
| MLS Area | BOYH - Boyle Heights |
| Mobilehomeremainsyn | No |
| New Construction | No |
| Occupancy Description | Owner |
| Private Pool | No |
| Property Attached Y/N | No |
| Property Sub Type Additional | Retail |
| Property SubType | Retail |
| Property Type | CommercialSale |
| Rent Control Y/N | No |
| Senior Community Y/N | No |
| Special Listing Conditions | Standard |
| Standard Status | Active |
| Status | Active |
| Street Name | Wabash |
| Total Units | 4 |
| View Y/N | No |
| Waterfront Y/N | No |
| Year Built | 1923 |
| Zoning | C2 |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Basement (Y/N) | No |
| Electric On Property Y/N | No |
| Fireplace Y/N | No |
| Heating Y/N | No |
| Laundry Features | None |
| Livingareasource | Assessor |
| Street Suffix | Avenue |
| Total Stories | 1 |
Exterior Features
| Building Area Total | 3850.0 |
|---|---|
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Features | ValueInLand, Walkstreet |
| Lot Size Acres | 0.2144 |
| Lot Size Area | 9338.0 |
| Lot Size Source | Assessor |
| Lot Size Units | SquareFeet |
| Lotdimensionssource | Assessor |
| Open Parking Y/N | No |
| Spa | No |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 90063
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of December 4, 2023 6:01 PM UTC 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
