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    1/2 BATHS
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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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County
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Area
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School Ratings & Info

Description

Central Los Angeles Retail Offering - Located on Western Avenue and just south of Florence Avenue, the subject property is centrally located to all major employment hubs and is very central to all of LA County. Owner-User Opportunity - With one unit delivered vacant at the close of escrow, this is an ideal owner-user opportunity. Value-Add Investment with below Market Rents & One Vacancy - The current tenant is paying a below market rent and is on month to month term with no extension. The back unit will be delivered vacant at the close of escrow. Minimal Expenses with Rental Upside - The current tenant currently is responsible for all utility cost. The landlord is responsible for property tax and insurance. The new owner can implement Absolute Net (NNN) leases with new tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T19:34:59.243. 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 deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/117038501
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7411 S Western Avenue Los Angeles (City), CA 90047

  • Price: $1,600,000
  • Status: Active
  • Updated: 28 min ago
  • ID#: 21730584
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1951
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
Central Los Angeles Retail Offering - Located on Western Avenue and just south of Florence Avenue, the subject property is centrally located to all major employment hubs and is very central to all of LA County. Owner-User Opportunity - With one unit delivered vacant at the close of escrow, this is an ideal owner-user opportunity. Value-Add Investment with below Market Rents & One Vacancy - The current tenant is paying a below market rent and is on month to month term with no extension. The back unit will be delivered vacant at the close of escrow. Minimal Expenses with Rental Upside - The current tenant currently is responsible for all utility cost. The landlord is responsible for property tax and insurance. The new owner can implement Absolute Net (NNN) leases with new tenants.
Exterior Features

Carport Spaces 0 Parking Features GarageGarage Door Opener Parking Total 0

Interior Features

Cooling None Cooling YN No Heating None Heating YN No

Property Features

Garage YN No Gross Income 96000 Laundry Features None Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 67220 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 50 Zoning Lac2

Listing provided courtesy of John Katnik of James Capital Advisors, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T19:34:59.243. 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 deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660