$631,000
$780,000
19.1%For more information regarding the value of a property, please contact us for a free consultation.
2,522 Sqft Lot
SOLD DATE : 12/12/2023
Key Details
Sold Price $631,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23118562
Sold Date 12/12/23
HOA Y/N No
Year Built 1962
Lot Size 2,522 Sqft
Lot Dimensions Public Records
Property Description
Prime investment opportunity! This property is conveniently located in the highly desirable area of Monterey Park, just off the 60 Freeway on Garfield Avenue and a short distance to San Bernardino Interstate 10 as well as the Long Beach 710 freeway. The ground floor was most recently used as a medical office with reception area, three patient rooms, two bathrooms, a shower and break area. The second floor currently contains two bedrooms, a kitchen, one bathroom and a patio most recently used as mixed use /residential but may potentially be converted for additional office space. A New solar system was installed two years ago, there is ample street parking in the front as well as three dedicated parking spaces behind the building. The property is being sold "As is" due to unfinished work/renovations, an incredible opportunity to finish out as you see fit for your business. Monterey Park is well known for their world-class police and fire protection as well as public programs that have won awards for innovation. This is a community with very active citizens who take a lot of pride in their city. Monterey Park has maintained a pro-business environment with new top dining destinations, beautiful parks and continuous growth. Priced to sell quickly, don't pass this amazing opportunity to transform this centrally located property for your business!
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning GVN-S
Rooms
Other Rooms Living Quarters
Interior
Heating Central, Fireplace(s), Natural Gas, Solar
Cooling Central Air, Electric
Fireplace No
Laundry In Garage
Exterior
Fence Brick
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Common Roof,Flat
Total Parking Spaces 3
Building
Lot Description 0-1 Unit/Acre, Level, No Landscaping, Near Public Transit, Rectangular Lot, Walkstreet
Story 2
Water Public
Additional Building Living Quarters
Others
Tax ID 5265008005
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Castulo Romero • Lazerus Properties and Capital