Skip To Content

11111 Wilmington Avenue

Los Angeles (City), CA 90059
  • $795,000
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: 23299995
Foreclosure
UPDATED: 218 min ago
$795,000
  • 2
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,787
    SQFT
  • $445
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Christopher Quintal of Century City Realtors (310-557-1212)


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 $1,350/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.**

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. 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 Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142641200
Print Image

11111 Wilmington Avenue Los Angeles (City), CA 90059

  • Price: $795,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 218 min ago
  • ID#: 23299995
2
Beds
0
Baths
0
½ Baths
0.15
Acres
1,787
SQFT
$445
$/SQFT
1962
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
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 $1,350/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.**
Exterior Features

Architectural Style Other Carport Spaces 1 Carport YN Yes Construction Materials Stucco Parking Features CarportDriveway Parking Total 1 Pool Features None Pool Private YN No Roof Tar/Gravel Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Buyer Financing Cash Community Features Gated Garage YN Yes Gross Income 5800 Listing Agreement Seller Reserved Listing Service Full Service Listing Terms Cash Net Operating Income 55680 New Construction YN No Possession Close Of Escrow Property Condition Repairs Cosmetic Security Features Gated Community Senior Community YN No Special Listing Conditions Real Estate Owned Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. 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 Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371831524-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371831524-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371831524-2.jpg
Logo
Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Christopher Quintal of Century City Realtors (310-557-1212)