Whittier, CA 90601,6717 Comstock AVE
$965,000
Est. payment /mo
$1,038,000
7.0%
Est.Price: ?

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6,063 Sqft Lot
SOLD DATE : 03/30/2022

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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CRMLS – RECore
Listed by Lilian Lee Marriott Management Company
Bought with NONE NONE None MRML

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Ivan Perez

Ivan Perez

+1(818) 242-6422

Broker Associate | License ID: 01952891

Broker Associate License ID: 01952891

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