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Key Details
Sold Price $965,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22006893
Sold Date 03/30/22
HOA Y/N No
Year Built 1949
Lot Size 6,063 Sqft
Property Sub-Type Retail
Property Description
***First time on the market for sale in 34 years. Property is situated in the Historic Uptown Whittier redevelopment Zone, across from the newly constructed multi level parking structure.
*Interior/exterior upgrade/refurbish/remodel in 2011 and 2018.
*New cooling/heating systems installed in 2018 for each unit.
*Poly-Form roof installed in 2011.
*Full/modern equipped restaurant with walk-in cooler.
*12 parking spaces at the back side of the building.
*Water, trash, Electricity, gas, cleaning maintenance paid by Tenants. Landlord pays property tax, insurance, main utility line, roof maintenance.
6713 Tenant Rise Athletics So Cal Fitness will pay $1350 starting March 1, 2022, and the Lease expires on Feb. 28, 2023.
6717, 19 Tenant BellyBombz Restaurant- Lease expires March 31, 2025 with annual rent increase appx. 7.2%.
***Effective April 1, 2022, Gross income will be $60,072. NOI $45,515 CAP rate 4.38%.
*Seller is a California licensed Real Estate Broker. Buyer to cooperate with Seller's 1031 exchange at no extra cost and/or liability to Buyer. Broker/Agent does not guarantee accuracy of square footage, lot size, ordinances, zoning, rent control, permits, use codes, schools and/or other information concerning the conditions or features of the property obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Property is sold in present condition.
***PLEASE DO NOT DISTURB TENANTS AT ALL TIMES.
Location
State CA
County Los Angeles
Area 670 - Whittier
Interior
Heating Electric, ENERGY STAR Qualified Equipment
Cooling Electric, ENERGY STAR Qualified Equipment
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Roof Type Flat,Foam
Building
Lot Description 2-5 Units/Acre
Story 1
Water Public
Others
Tax ID 8139013002
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard, Trust
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891