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.
Location
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Listing Agent: ERIC CHAVEZ Courtesy of: CHAVEZ & ASSOCIATES REBF, INC The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 19th August, 2022 9:39 AM (UTC)
