$675,000
11111 Wilmington AVE Los Angeles, CA 90059
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$675,000
Est. payment /mo
6,499 Sqft Lot
Active Under Contract
11111 Wilmington AVE Los Angeles, CA 90059
UPDATED:
10/29/2024 12:01 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 23301275
HOA Y/N No
Year Built 1962
Lot Size 6,499 Sqft
Property Description
PRICE REDUCTION! Great opportunity for owner/user! Mixed use property with two commercial retail units in front and a Single Family Residence towards the back of the property. Tenants are currently month to month. The recently remodeled barber shop is leased for $950/mo. The Single Family Residence is leased for $1,250/mo and is in need of cosmetic repairs but has the potential for an ADU. The restaurant is currently vacant and has been recently remodeled with all new restaurant equipment for a takeout style food service operation. The new owner could operate his fast food business from the facility or lease it turnkey to a restaurant owner. Per ZIMAS the lot is Tier 3 TOC which gives the property development potential for the future as the property is in close proximity to the necessary Transit resources enabling greater density if developing affordable residential housing. Seller may be willing to carry financing. Motivated Seller! **Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.**
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Exterior
Community Features Gated
Roof Type Tar/Gravel
Total Parking Spaces 1
Building
Story 1
Others
Tax ID 6069013017
Security Features Gated Community
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Financing Cash
Special Listing Condition Standard
Listed by Christopher Quintal • Century City Realtors
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