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Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB21255262
Sold Date 02/10/22
HOA Y/N No
Year Built 1940
Annual Tax Amount $3,980
Lot Size 0.283 Acres
Lot Dimensions Assessor
Property Description
Value add - Owner User - Investor - Developer, tremendous opportunity awaits the new buyer of this high traffic signalized corner located on a major commercial corridor leading to the South Bay Beach Communities of Manhattan, Hermosa and Redondo Beach's. The existing mix use improvements consist of a 940-sf SFR - currently renting M/M for $1,500 and a 1,940-sf commercial building. The signalized corner LNM-1 zoned lot has approx. 125 feet of frontage with curb cuts on Marine and Osage for ease of access to the approx.12,312-sf lot. The property is centrally located with close proximity to El Camino College, Alondra Golf Course and major branded retailers along Prairie and Hawthorne Blvd. while surrounded by conforming commercial properties and a strong demographic neighborhood. Original construction - property is being sold as is at a land value price point. Buyer to verify and satisfy all concerns within the due diligence period.
Location
State CA
County Los Angeles
Area 112 - North Lawndale
Zoning LNM1
Interior
Cooling None
Fireplace No
Laundry Washer Hookup, In Kitchen
Exterior
Carport Spaces 3
Fence Chain Link
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Roof Type Composition
Total Parking Spaces 3
Building
Lot Description Corner Lot, Level, Rectangular Lot, Street Level, Value In Land
Story 1
Water Public
Others
Tax ID 4076005027
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Michael Talbot • RE/MAX Estate Properties
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692