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Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 1,888 sqft
Price per Sqft $370
MLS Listing ID CL23293747
Sold Date 08/23/23
HOA Y/N No
Year Built 1941
Lot Size 8,066 Sqft
Acres 0.19
Property Sub-Type Comm Ind For Sale
Property Description
1,888-SF commercial property located in South Gate. The property is currently occupied by a single tenant (California Construction Services) with their lease set to expire on October 31, 2023. This presents a desirable opportunity for an owner/user or an investor to lease the property to a new tenant at market rate. With exceptional visibility and a high volume of vehicular traffic, which exceeds 33,840 vehicles per day, the property presents an excellent opportunity for value-add investors. Furthermore, the property is situated on a large 8,066-SF which provides for ample parking and also presents future redevelopment potential for the property. This value-add investment opportunity presents an investor with the opportunity to realize significant upside potential by leasing the property to a new tenant as the current tenant's lease is set to expire. Alternatively, an owner/user can take advantage of attractive SBA financing options that require as little as a 10% down payment.The property is located on a major thoroughfare of South Gate with great frontage on Paramount Boulevard. The commercial area of South Gate is home to over 300 small businesses, most family owned. Situated in the heart of South Gate, 13308 Paramount Boulevard, stands to benefit from the city's population an
Location
State CA
County Los Angeles
Zoning SGC3
Interior
Fireplace No
Exterior
Total Parking Spaces 2
Building
New Construction No
Others
Tax ID 6264006008
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Bought with Datashare Cr Don't DeleteDefault Agent
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