1355 W 58th Street

Description

Seller financing available! Purchase with 10% down payment - SBA 504 loan, Perfect Owners User Opportunity! This opportunity consisting of 1 contiguous parcels of property zoned "RD2-1 Restricted Density Multiple Dwelling ZONE, consisting of a total of 10,750+/- square feet of semi-improved land, with one (1) Free Standing Single-Story building that consist of 4,800+/- square feet corner commercial building.APN:5002-013-034.The subject property currently zoned is "Restricted Density Multiple Dwelling ZONE and currently has a Conditional Use Permit (C.U.P.) that allows for automotive related uses and provides for a commercial uses or use permitted in the RD2-1 Restricted Density Multiple Dwelling Zone. This free-standing building provides high traffic commercial/retail presence in area in South Los Angles, with a Normandie Avenue identity, flexible opportunity for owner-user or land developer seeking sites like this neighborhood, community, and regional retail business.The Seller may carry a note with a down payment $500,000.00. The Seller will provide financing to you by agreeing to as follow: Note Terms: Interest rate shall be fixed for 5 years, interest rate at 4.00% , Fixed, Buyer shall make a total of 60 interest only payments that shall be payable at approximately $4,667.00 per month ("Interest only payments"), remaining principal shall be due in 5 years as a Balloon payment in the amount of $1,400,000.00.Existing automotive business is also available for sale and will include the conditional use permit, business trade furniture, fixtures & equipment (FF&).1355 west 58th Street ("Subject Property) is Centrally located along Normandie Ave South of I-10 Freeway, East of Interstate 110, near to Slauson Ave & Western Avenue and with access to employment centers throughout the downtown Los Angeles. Due to its location, future users of the Subject Property will enjoy the amenities of adjacent residential & commercial/retail developments.