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Property Description

3009 Wabash Avenue is opportunity to purchase and/or lease a multi-tenant street retail/commercial single-story building that consist of 3,850+/- square feet located on a lot size of 9,338+/- square feet of semi-improved land zoned “C2” Commercial Zone, with 70 linear feet along Wabash Ave. C2 zoning provides a wide range of uses, for example any use permitted in the C1.5, C1 and CR, Carpenter, plumbing or sheet metal shop, Catering shop, Interior decorating or upholstering shop and Restaurant. rnrnThe current ownership has owned the subject property since 1987. Currently the property is occupied by three (3) tenants & one (1) billboard lease. All the current tenants are on a Month-To-Month lease term. Current annual rental income is estimated to be $48,540.00 and/or $1.14 PSF – Gross. Property maybe delivered vacant upon negotiating terms that will be acceptable to the Ownership.rnrnSBA financing is available with only requiring a 10% down payment, 25-year loan term, the current interest rates between 6 ½ % to 8% forrnqualified Owner-user Buyers. Property is also available for Lease, Asking Rent of $2.42 (NNN) PSF. Contact Broker for more information.

Additional Information
: Standard

Commercial Sale For Sale

3009 Wabash Avenue, Los Angeles, California 90063

3,850 Sqft
Listing ID #CV23041066
Basic Details
Status : Active
DaysOnMarket : 70
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CV23041066
Price : $1,218,000
Living Area : 3,850 Sqft
Year Built : 1923
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90063
Price Per Square Foot : $316
ModificationTimestamp : 2023-05-21 03:17:06
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