JUST LISTED – Mixed Use Property on Florence Ave in Los Angeles
MIXED USE PROPERTY ON FLORENCE AVE NEAR CRENSHAW BL WITH VACANT RETAIL SPACE
- 7.1% CAP RATE AND 13.3 GRM
- GREAT OPPORTUNITY FOR OWNER/USER OR INVESTOR.
- CLOSE TO FUTURE CRENSHAW-LAX METRO LINE IN HYDE PARK NEIGHBORHOOD
MIXED USE PROPERTY ON FLORENCE AVE NEAR CRENSHAW BOULEVARD. GREAT OPPORTUNITY FOR OWNER/USER OR INVESTOR. BUILDING FEATURES A GROUND FLOOR RETAIL SPACE CURRENTLY BUILT OUT AS A SOCIAL HALL AND A RESIDENTIAL 2 BEDROOM, 1 BATHROOM APARTMENT UNIT ON THE SECOND FLOOR WHICH HAS A GARAGE AND FENCED DRIVEWAY. THE RETAIL SPACE IS CURRENTLY VACANT WITH AN ASKING RENT OF $1500 PER MONTH. THE APARTMENT IS OCCUPIED WITH RENT OF $1025 PER MONTH. PROPERTY IS COMPETITIVELY PRICED IN A GROWING PARK HILLS HEIGHTS AND SELLER FINANCING IS AVAILABLE.
Price:$350,000
Building Size:1,950 SF
Lot Size: 2901 SF
Price/SF:$179.49
Property Type:Retail/Residential
