Description

Strategic location, strong cash flow. Industrial Property (Zoning LCM3*) Four tenant commercial building located on Wilmington Avenue. Between major traffic intersection Slauson and Gage. Large swap meet near by attracts a lot of traffic. This versatile commercial 4 units property offers a rare opportunity for investors and owner – users alike. With multiple established tenants and strong rental income, the property provides immediate cash flow with long term upside. The units are currently leased at market rental rates. Co-tenants are: Wilmington Event Center (weddings, quinceañeras and business meetings hall), storage suite, custom sewing and manufacturer shop and commercial food grills shop. The building features prime frontage on the corner of 61st along Wilmington Ave., with a private parking lot located at the rear of the property (approx. 10). Plenty of street parking as well. This property is well suited for an investor seeking a value-add opportunity, as well as for an owner-user looking to occupy the entire building or one unit while leasing the other for supplemental income. Property facts sale type: Investment or owner user. Property subtype: Front and corner. Building Class: C Percent, Leased: 100% (Approx. income $18,000.00). Building heights 1 story, year built 1929. Property type: Industrial land. Use: Manufacturing (Light) Zoning: LCM3*. Building size: 10,426 sq ft, lot size: 13,737/.32 Lot size frontage 135' on Wilmington and 101' on 61st St.