11111 Wilmington AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90059
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,787 sqft
Price per Sqft $377
MLS Listing ID 23299995
Bedrooms 2
Year Built 1962
Lot Size 6,499 Sqft
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 $1,250/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. Seller may be willing to carry financing. Motivated Seller! **Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.**
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAC2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Exterior
Garage Carport,Driveway
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Gated
View Y/N No
View None
Roof Type Tar/Gravel
Building
Story 1
New Construction No
Others
Acceptable Financing Cash,Owner May Carry
Listing Terms Cash,Owner May Carry
Special Listing Condition Standard