$1,075,000
$1,275,000
15.7%For more information regarding the value of a property, please contact us for a free consultation.
4901 Mason ST South Gate, CA 90280
0.3 Acres Lot
Key Details
Sold Price $1,075,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW21127375
Sold Date 12/10/21
HOA Y/N No
Year Built 1961
Lot Size 0.304 Acres
Property Description
Do not walk on property and do not disturb tenants. Contact listing agents for more information. Excellent Two tenant 5,760 square foot industrial property in the city of South Gate. One tenant is an auto repair shop and the other tenant is a granite countertop company. Rare Auto Repair Shop on Month to Month Lease Allows for Owner-User to run their own business from one or both of the warehouses. Buyer can use attractive SBA financing with only 10% down payment to purchase as Owner-User. Also a Great Investment Opportunity, Tenants always pay on time, huge rental upside and opportunity to convert leases to NNN (triple net) leases and increase Cap Rate close to 6.8%. Excellent Location within South Gate's auto repair hub along Firestone Blvd and right off the Firestone Blvd and Atlantic Ave intersection. Across the street from the Azalea Shopping Center allows for easy access to numerous restaurants and stores. Easy access to public transportation and short drive to the 710 freeway.
Location
State CA
County Los Angeles
Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Interior
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre
Water Public
Others
Tax ID 6216032042
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Other
Special Listing Condition Standard
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Bought with James Torres • Keller Williams SELA