$1,800,000
$1,800,000
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7,000 Sqft Lot
SOLD DATE : 04/27/2022
Key Details
Sold Price $1,800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20627104
Sold Date 04/27/22
HOA Y/N No
Year Built 1990
Lot Size 7,000 Sqft
Lot Dimensions Assessor
Property Description
AMAZING OPPORTUNITY for DEVELOPMENT - LA CANNABIS ZONED OUT RETAIL SPACE, MIXED-USE, GAS STATION, APARTMENTS, Etc. - Phase I and Phase II Complete. Rare opportunity to own a C2 Commercial Corner Lot on a major Mid City L.A. Corridor. The lot measures 7,000 sqft and is completely flat. The corner lot can be entered from both Venice and 4th Av with a plethora of marketing opportunities. Current usage includes a Smog Test Center and a Transmission Center combined include 4-work bays. The high cinder block structure was built in the late 90's and is about 2,450 sqft. Currently, there is a SMOG test center and a transmission shop leasing the property. The additional lot portion is used for parking about 20 vehicles. Tenants are month-to-month. Please DO NOT approach tenants or walk the property unaccompanied by LA1. Drive by only. Sold As-Is Buyer is responsible for their due diligence. Being sold for land value.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAC2
Interior
Fireplace No
Exterior
Community Features Gated
Roof Type Composition
Total Parking Spaces 20
Building
Lot Description Corner Lot, Near Public Transit
Others
Tax ID 5072028024
Security Features Gated Community
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Timothy Lewis • Elliot Lewis, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "