105 W 116TH Place

    Los Angeles (City), CA 90061
    • $449,995
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: IN20054109
    UPDATED: 23 min ago
    $449,995
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,356
      SQFT
    • $332
      $/SQFT
    Type:
    Commercial
    Built:
    1946
    County:

    School Ratings & Info

    Description

    Light Year Realty Inc. is pleased to introduce the sale of a well established Auto Body / Mechanic shop in South Los Angeles.The subject property features 1,356 SF of Building and is situated on 4,574 SF of Land zoned CM. The property is currently occupied by a tenant who recently signed a 5-year lease.The subject offering is located on 116TH PL south of the major signalized intersection of Imperial Hwy and Main ST. The subject is positioned near the 105 and 110 freeways and can be seen by traffic offering excellent exposure.The offering is located in a densely populated area with over 370,000 people residing within a 3-mile radius. The subject property is located near national credit tenants such as McDonald's, Jack in the Box, Pizza Hut.This offering will attract an owner/user or investor who is looking for an investment property with solid stable income and low vacancy.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T20:25:33.313. 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 First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/104062204

    105 W 116TH Place Los Angeles (City), CA 90061

    • Price: $449,995
    • Status: Active
    • Updated: 23 min ago
    • ID#: IN20054109
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1,356
    SQFT
    $332
    $/SQFT
    1946
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Light Year Realty Inc. is pleased to introduce the sale of a well established Auto Body / Mechanic shop in South Los Angeles.The subject property features 1,356 SF of Building and is situated on 4,574 SF of Land zoned CM. The property is currently occupied by a tenant who recently signed a 5-year lease.The subject offering is located on 116TH PL south of the major signalized intersection of Imperial Hwy and Main ST. The subject is positioned near the 105 and 110 freeways and can be seen by traffic offering excellent exposure.The offering is located in a densely populated area with over 370,000 people residing within a 3-mile radius. The subject property is located near national credit tenants such as McDonald's, Jack in the Box, Pizza Hut.This offering will attract an owner/user or investor who is looking for an investment property with solid stable income and low vacancy.
    Exterior Features

    Lot Features Corner Lot Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 10.20 Country Us Expense Year 2020 Gross Scheduled Income 54000.00 Investment Property YN Yes Land Use IndustrialRetail Laundry YN No Leasable Area Units Square Feet Lease Considered YN Yes Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 46380.00 Occupancy Occupied Operating Expense 8202.00 Property Sub Type Retail Real Estate Tax Expense 5999.94 Special Listing Conditions Standard Tax Rate 1.20 Tax Year 2020 Total Monthly Rent 4500 Vacancy Allowance 1620 Vacancy Allowance Rate 3.00 Water Source Public Year Built Source Public Records Zoning Cm

    Listing provided courtesy of Jacob Lavian of Light Year Realty Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T20:25:33.313. 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 First Team Real Estate. Licensed in the State of California, USA.

     
    First Team Real Estate
    CA,