
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.
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0.25ACRES
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01/2 BATHS
School Ratings & Info
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.
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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T23:28:31.61. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.