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*PRICE REDUCTION* Presenting 575 East Avenue, a prime 4-unit retail building located on a prominent corner at the intersection of East Avenue and El Paso Way. This property boasts excellent visibility and high-traffic exposure, making it an ideal investment opportunity for those looking to establish a presence in a bustling commercial area. This key location attracts a diverse customer base and offers tenants access to a steady stream of potential customers from its high visibility location, the adjacent walkable neighborhood, and even public transit stops located across El Paso Way. Recently remodeled and currently undergoing interior improvements, this building offers a blend of modern updates and strong potential for income growth. Two of the four units are currently occupied at recently increased rents, providing immediate cash flow. The remaining two units are vacant and actively listed at market rents, offering an opportunity to further increase the property's income potential.
Property Type(s):
Commercial
| Last Updated | 11/9/2024 | Year Built | 1954 |
|---|---|---|---|
| County | Butte |
Price History
| Prior to Oct 21, '24 | $375,000 |
|---|---|
| Oct 21, '24 - Nov 9, '24 | $359,900 |
| Nov 9, '24 - Today | $349,900 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| HEAT | Fireplace(s), Wall Furnace |
| LOT | 9148 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre, Corner Lot, Level, Near Public Transit |
| STORIES | 1 |
| TAXES | 2869.58 |
| UTILITIES | Electricity Connected,Phone Connected,Sewer Connected,Water Connected,Overhead Utilities, Electric: Standard |
| WATER | Public |
| ZONING | OR |
Location
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Listed with Century 21 Select Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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