1570 E 110th Street,Los Angeles, CA 90059
Los Angeles, CA 90059
Description
This well maintained 5 unit, mixed use property is the perfect entry level commercial investment. Featuring (4) One bedroom, one bathroom units (1) small retail unit and (2) oversized, fully-gated one car driveways. With one being at each end of the property. This property is uniquely located on a wide, corner lot, consisting of two detached buildings, making the retail unit and 4 residential units entirely separate. This offers both prime frontage for the retail unit along side a sense of privacy for the residential units. The retail unit was once a to-go, food business, then a snack stand and is currently used as storage. The commercial retail unit and (1) residential unit will be delivered vacant; offering access to immediate upside in rents. The Watts area is under rapid re-development including recent building of Freedom Plaza to compliment the rebuilding 100s of new units at the Jordan Downs Housing Complex. The nearby Nickerson Gardens and Imperial Courts are slated for similar development as well, furthering the economic activity in the area and providing much needed housing. Located just minutes away from Downtown Los Angeles with close proximity to 105, 110, 710 and 605 Freeways; making it ideal for transit to area employers and attractions. Contact me today to set up your showings or with any questions! With two units delivered vacant, you can easily achieve a near 8.5% cap rate and a 9.5 GRM to CASH FLOW! Additionally, the adjacent property at 11003 Compton Ave is listed for sale at the same time, offering the chance to assemble both properties. See MLS Listing #26665505 for more information.
Details
| MLS # | 26767937 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 172 |
| Listing Provided By | Real Broker | Zachary Grant |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 2,052 |
| Story(s) | 1 |
| Units | 5 |
| Building(s) | 2 |
| Zoning | LAR2 |
| Acreage | 0.10 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Forced Air, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Fireplace Yes / No | No |
Exterior
| Security Features | Gated Community |
|---|
Parking
| Parking Features | Concrete, Driveway |
|---|---|
| Garage Yes / No | No |
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90059 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90059) | |
Price: $849,999 low | high Med: $975,000 sqft: 2,052 low | high Med: 2,400 $ / sqft: $414 low | high Med: $406 On site: 172 low | high Med: 18 | |
Market Activity 90059
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90059 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90059) | |
Price: $849,999 low | high Med: $975,000 sqft: 2,052 low | high Med: 2,400 $ / sqft: $414 low | high Med: $406 On site: 172 low | high Med: 18 | |
