Listed by illi Commercial Real Estate
$1,499,000
Rare Grandfathered Automotive/development
Details
APN 6167-010-023
Property Type Retail, Industrial
Sub Type Auto Shop, Warehouse
Square Footage 4,020
Tenancy Single
Pro-Forma Cap Rate 6.00%
Price per SqFt $373
Class C
Year Built 1977
Buildings 2
Acreage 0.330
Zoning COCL (Mixed Use)
Parking Spaces 2.19 per 1,000 sq ft
Investment Type Owner/User
Ceiling Height 14
Ideal for an owner/user or a developer. Sale will include the business. Zoning allows for Mixed Use.
Marketing description
411-413 E Rosecrans Ave comprises two buildings on two parcels of
approximately 4,000 Square Feet of improvements set on 9,759 SF of
Land. The property has been used as automotive for over 50 years.
Ideal for an owner/user or a developer with insight into the growing
Compton Market. Sale will include the business. Zoning allows for
Mixed Use. An Additional 4,772 SF adjacent vacant corner lot may
be made available as well. Lease rates in the area are
approximately $1.00/SF NNN, making this a 6 CAP Proforma.
Listing Contacts
Listed by illi Commercial Real Estate
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