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Additional details
Listed by Han Chen • Growth Investment Group Pasade
$2,300,000
Est. payment /mo
5,199 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,199 sqft
Price per Sqft $442
MLS Listing ID CRAR25163169
HOA Y/N No
Year Built 1947
Lot Size 9,330 Sqft
Property Sub-Type Retail
Source Datashare California Regional
Property Description
3rd Price reduction! Prime Mixed-Use Owner-user/Investment opportunity on Hill Ave, Superb location crossing Colorado Blvd and south of 210 FWY, Excellent Exposure with Superb Demographics, Seller MAY CARRY Up To 60% LTV at 5% fixed for 5 years! The property is a value-add mixed-use (retail/residential) property with superb exposure right on Hill Ave and located south of 210 FWY with Colorado Blvd as its nearest cross street. This is the first time this property is being offered for sale for more than 20 years! The property has a wide 60ft exposure on Hill Ave and offers a CG (Commercial General) zoning which should allow much higher density redevelopment options (buyer to verify). It enjoys a high traffic volume of ±21k cars per day and has superb demographics with ±$133k average household income within a mile radius. For a qualified buyer, Seller may carry a 60% LTV (40% down payment) secured by a 1st Trust Deed against subject property with 5% interest rates on a 5-year fixed Interest Only and 5-year term (balloon payment at end of year 5). The property has a total of ±4,366 SF building size on a large ±9,327 SF CG Zoned lot and consists of 2 separate buildings. The front building is a two-story retail building with about ±3,100 total square footage (±69% of the building
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace, Other
Cooling Central Air, Window Unit(s)
Fireplace No
Building
Water Public
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Vicky Van Brocklin
Broker | License ID: 01512910
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