Los Angeles, CA 90059,11111 Wilmington AVE
Los Angeles, CA 90059,11111 Wilmington AVE
Los Angeles, CA 90059,11111 Wilmington AVE
14
$625,000
$675,000
7.4%
Est.Price: ?

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6,499 Sqft Lot

11111 Wilmington AVE Los Angeles, CA 90059

Est. payment /mo
SOLD DATE : 11/15/2024

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Key Details

Sold Price $625,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23301275

Sold Date 11/15/24

HOA Y/N No

Year Built 1962

Lot Size 6,499 Sqft

Property Description

PRICE REDUCTION! Great opportunity for owner/user! Mixed use property with two commercial retail units in front and a Single Family Residence towards the back of the property. Tenants are currently month to month. The recently remodeled barber shop is leased for $950/mo. The Single Family Residence is leased for $1,250/mo and is in need of cosmetic repairs but has the potential for an ADU. The restaurant is currently vacant and has been recently remodeled with all new restaurant equipment for a takeout style food service operation. The new owner could operate his fast food business from the facility or lease it turnkey to a restaurant owner. Per ZIMAS the lot is Tier 3 TOC which gives the property development potential for the future as the property is in close proximity to the necessary Transit resources enabling greater density if developing affordable residential housing. Seller may be willing to carry financing. Motivated Seller! **Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.**

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LAC2

Interior

Heating Wall Furnace

Fireplace No

Exterior

Community Features Gated

Roof Type Tar/Gravel

Total Parking Spaces 1

Building

Story 1

Others

Tax ID 6069013017

Security Features Gated Community

Acceptable Financing Cash, Owner May Carry

Listing Terms Cash, Owner May Carry

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Christopher Quintal • Century City Realtors
Bought with Christopher Quintal • Century City Realtors

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Ken Wallis

Broker Associate | License ID: 1700449

+1(805) 218-3402

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