11111 Wilmington Avenue Los Angeles, CA ^$ 725,000

11111 Wilmington Avenue

^$ 725,000

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11111 Wilmington Avenue

Los Angeles, CA, 90059

^$ 725,000

Studio Baths0.0

Monthly Estimate*

^$ 5,064

11111 Wilmington Avenue, Los Angeles, CA 90059 - Image 1

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11111 Wilmington Avenue, Los Angeles, CA 90059 - Image 7

11111 Wilmington Avenue, Los Angeles, CA 90059 - Image 8

11111 Wilmington Avenue, Los Angeles, CA 90059 - Image 9

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Studio

Commercial Property for sale in Los Angeles, CA

for $725,000. This building was built in 1962 on a lot size of 0.07461.

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. Motivated Seller! **Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.**

Commercial Active

Price

^$ 725,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Multi Family

Lot Size

0.07461

Year Built

1962

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023301275

Features

General

Heating Wall Furnace

Roof Tar/Gravel

Zoning LAC2

Security Features Gated Community

Construction Materials Stucco

Year Built 1962

Property SubType Multi Family

County Los Angeles

Property Type F

Status Active

City Los Angeles

MLS Area Metropolitan South

Lot Size Square Feet 0.0

Street Name Wilmington

Standard Status Active

Exterior

Lot Size Area 6501.0

Lot Dimensions 25x130

Lot Size Acres 0.0

Land Lease Type Fee

Interior

Total Stories 1

Heating Y/N Yes

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

Christopher Quintal

Listing Agent

Century City Realtors

Broker

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$5,064

Per Month

Monthly Principal & Interest: $5,064
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,170,078

Percent of Sale Price 199%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/7/2024	$725,000	-3.33%	Price Down
10/27/2023	$750,000	-5.66%	Price Down
9/14/2023	$795,000	-6.47%	Price Down
8/17/2023	$850,000		Listed Price

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11111 Wilmington Avenue, Los Angeles, CA, 90059 is a Commercial Property for sale at $725,000 with a lot size of 0.07461. 11111 Wilmington Avenue is a studio with 0.0 baths and was built in 1962. The property's zip code is 90059 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/7/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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11111 Wilmington Avenue

Commercial Property for sale in Los Angeles, CA

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