$865,000
$900,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/29/2024
Key Details
Sold Price $865,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V1-19039
Sold Date 05/29/24
HOA Y/N No
Year Built 1952
Lot Dimensions Assessor
Property Description
PROPERTY IS BACK ON MARKET - BUYER DID NOT PERFORM. Bring offers subject to cancellation of current escrow. Welcome to your new business venture! This prime commercial property is located in the bustling neighborhood of Northridge, CA, with many restaurants surrounding the area and in a sweet spot of residential and business spaces. With its high visibility and heavy foot traffic, this property is the perfect place for an owner/tenant office play.The property features 1710 square feet of building space and an impressive 6078 square feet of lot, providing ample room for a variety of commercial uses. Additionally, the property comes with several parking spaces, ensuring that your customers will always have a convenient place to park. For developers, the lot is zoned LAM1 which allows for 10 units by right. If a residential development does not work, then a NNN commercial development would be perfect for an investor looking for a low risk investment - an excellent opportunity to generate passive income. Potentially providing a steady stream of cash flow from day one. Whether you're starting a new business or developing the property, this property offers endless possibilities. It's suitable for a wide range of businesses, including office, retail, manufacture, residential, or other commercial developments. With a little bit of creativity, you can turn this location into the business of your dreams.
Location
State CA
County Other
Area Nr - Northridge
Zoning LAMR1
Rooms
Other Rooms Living Quarters
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Fence Block
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Composition
Present Use Commercial
Total Parking Spaces 4
Building
Lot Description Sprinklers None
Story 1
Water Public
Additional Building Living Quarters
Others
Tax ID 2769019040
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
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Bought with Stephen Gobrial • Paramount Real Estate Group, Inc.
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