11111 Wilmington Avenue, Los Angeles CA, 90059
(Active)
$725,000
|
1,787 sqft
|
MLS# 23301275
Last Updated: 5/9/2024 5:52 AM
Description for
11111 Wilmington Avenue
Los Angeles, CA 90059
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. Motivated Seller! **Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.**
Price
$725,000
Los Angeles
1,787 (approx)
23301275
Active
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. Motivated Seller! **Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.**
Listing Information
| Property Type: Mixed Use, Business Opportunities, 1 Story | ||
| 0.15 Acres | Assessor | 1,787 (approx) |
| 1962 | 1 | Stucco |
2 Total
Neighborhood
Room Information
Interior Features
Other,
Wall Furnace
Gated Community
Exterior / Lot Features
1 Parking Spaces,
0 Covered Parking Spaces,
Stucco
Tar Gravel
25x130
LAC2
Community Features
Gated Community
Driving Directions
North of Imperial Hwy / 105 Freeway and South of Century Blvd
Financial Considerations
| 6069013017 |
Cash
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90059 has a population of 3,956,168.
The median household income in Los Angeles, California 90059 is $44,091. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90059 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/7/2024 | Active | $725,000 USD -3.33% |
|
| 10/26/2023 | Active | $750,000 USD -5.66% |
|
| 9/14/2023 | Active | $795,000 USD -6.47% |
|
| 8/16/2023 | Active | $850,000 USD |
|