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Incredible mixed use building that is cash flowing at a current GRM of 9.6 and cap rate of 7.5%. Seller carry financing may be available with 50%+ down. Tons of upside potential for all of the retail units, or an excellent opportunity for a owner-user purchase. Tenants are paying on-time and consistently. Prime retail location on Atlantic Ave with 30,000+ vehicles passing each day. Recently updated garage roof, painting, and plumbing. This low expense building is a cash cow and a great opportunity for a savvy investor.
Property Type(s):
Residential Income
| Last Updated | 11/1/2024 | Tract | Poly High (PH) |
|---|---|---|---|
| Year Built | 1920 | Community | Poly High |
| County | Los Angeles |
Additional Details
| AREA | Poly High |
|---|---|
| LOT | 4890 sq ft |
| LOT DESCRIPTION | 6-10 Units/Acre, Rectangular Lot |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Poly High (PH) |
| WATER | Public |
| ZONING | LBPD25 |
Location
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Listed with Buckingham Investments, Inc
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