$695,000
$695,000
For more information regarding the value of a property, please contact us for a free consultation.
4,356 Sqft Lot
SOLD DATE : 03/11/2022
Key Details
Sold Price $695,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21103941
Sold Date 03/11/22
HOA Y/N No
Year Built 1951
Lot Size 4,356 Sqft
Property Description
The subject property is located on the prime signalized intersection of Sherman Way and Farralone Dr, and is operated by a single-tenant, currently running a children's school. The structures are comprised of one front building that has three classrooms, one bathroom, one office. There is also a garage in the back that was converted into a larger classroom and has one bathroom. The rest of the lot interior is used as an outdoor/play/recess area for students. The current tenant is paying $3,500 per month, and has scheduled rent escalation to bring the rent up to $3,710/month through 2022, $3,895 through 2023 and $4,200/month through 2024. The site offers major visibility on a prime commercial corner that boasts a traffic count of over 21,000 cars per day. This is a probate sale, but not subject to court confirmation. Please make your offer on the CAR Probate Purchase Agreement.
Location
State CA
County Los Angeles
Area Cp - Canoga Park
Zoning C1
Interior
Heating Baseboard, Central, Electric, Forced Air
Fireplace No
Exterior
Community Features Gated
Building
Lot Description Back Yard, Corner Lot, Front Yard
Story 1
Others
Tax ID 2023009012
Security Features Gated Community
Special Listing Condition Probate Listing
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Non-Member Default • Default Non-Member Office