Sold
1355 W 58th Street
Los Angeles CA, 90037
$1,500,000
$312.50 per sqft
Sold
4,800 sqft
Commercial
Built in 1960
Listed by ERIC CHAVEZ with CHAVEZ & ASSOCIATES REBF, INC 213-999-0073
This property is FOR SALE & LEASE. Seller financing available! Purchase with 10% down payment - SBA 504 loan, Perfect Owners User Opportunity! This opportunity consisting of 1 contiguous parcels of property zoned "RD2-1" Restricted Density Multiple Dwelling ZONE, consisting of a total of 10,750+/- square feet of semi-improved land, with one (1) Free Standing Single-Story building that consist of 4,800+/- square feet - corner commercial building.
APN:5002-013-034.
The subject property currently zoned is "Restricted Density Multiple Dwelling ZONE and currently has a Conditional Use Permit (C.U.P.) that allows for automotive related uses and provides for a commercial uses or use permitted in the RD2-1" Restricted Density Multiple Dwelling Zone. This free-standing building provides high traffic commercial/retail presence in area in South Los Angles, with a Normandie Avenue identity, flexible opportunity for owner-user or land developer seeking sites like this neighborhood, community, and regional retail business.
The Seller may carry a note with a down payment $500,000.00. The Seller will provide financing to you by agreeing to as follow: Note Terms: Interest rate shall be fixed for 5 years, interest rate at 4.00% , Fixed, Buyer shall make a total of 60 interest only payments that shall be payable at approximately $4,667.00 per month ("Interest only payments"), remaining principal shall be due in 5 years as a Balloon payment in the amount of $1,400,000.00.
Existing automotive business is also available for sale and will include the conditional use permit, business trade furniture, fixtures & equipment (FF&).
1355 west 58th Street ("Subject Property") is Centrally located along Normandie Ave South of I-10 Freeway, East of Interstate 110, near to Slauson Ave & Western Avenue and with access to employment centers throughout the downtown Los Angeles. Due to its location, future users of the Subject Property will enjoy the amenities of adjacent residential & commercial/retail developments.
CV21242052
MLSⓇ ID
November 3, 2021
Listed
March 23, 2024
Updated
Map
1355 W 58th Street
Los Angeles CA, 90037
Interior Features
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.25 Acres
Lot Features
2-5 Units/Acre, Corner Lot, Paved, Rectangular Lot, Street Level, Walkstreet
Other Property Details
Area Name
C34 - Los Angeles Southwest
Days on Market
346
Garage
No
Parking Total
11
View
No
County
Los Angeles
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Listing Contact: 213-999-0073
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 3/23/2024 at 1:37 AM UTC