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425 E 58th Street Los Angeles, CA $ 2,999,888
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$ 2,999,888 Get more info
425 E 58th Street
$ 2,999,888
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425 E 58th Street

Los Angeles, CA, 90011
$ 2,999,888
Baths0.0 Sq 19,688

Monthly Estimate*

$ 20,955

Listed by Provenio Realty and Investment
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Studio

Commercial Property for sale in Los Angeles, CA

for $2,999,888. This 19,688 square foot building was built in 1925 on a lot size of 0.3514.

PRICED FOR A QUICK SALE - PROPERTY IS NOW AVAILABLE TO BE SEEN STARTING LATE MARCH This will not last and is the best priced industrial building in this area of town! Large Industrial/Manufacturing Building or Warehouse in a Great Location of Los Angeles. Potential Cap Rate of 8% to 10%. Great 1031 Exchange or OWNER USER building. This is priced way below the market for an immediate sale! Seller may consider Seller Financing with a strong down payment and terms! SELLER IS VERY MOTIVATED AND JUST LOWERED THE PRICE BY $500,000. NEW PRICE IS $2,999,888. SELLER HAS ANOTHER INVESTMENT OPPORTUNITY AND NEED SOT CLOSED FAST. THIS NEW PRICE IS ALMOST 1 MILLION DOLLAR BELOW THE MARKET. YOU WILL NOT FIND A BETTER DEAL. THIS PROPERTY HAS A LOT OF UPSET AND IS PERFECT FOR A 1031 EXCHANGE!!! IF WE CAN CLOSE IN BY MID TO LATE APRIL, WE WILL MAKE A DEAL WORK!!!! Property has Heavy Power (800 AMP/240 Volt/3 Phase) and New Lighting. Market rents for the area are $1.00 to $1.25 PSF NNN. Using a NNN monthly lease rate of $1.25 PSF or $25,000 a month, you would get a 10% Cap Rate (Return). At $1.00 PSF NNN or around $20,000, you would be at 8.0% Cap Rate (Return). Thus, the potential return can be amazing if you get the right tenant. Zoned LAM2 - Light Industrial and Potential Non-Retail Cannibas Uses. Please check with the city to confirm use. The subject property is approximately 19,668± square feet and the lot is approximately 15,246± square feet (as provided by public records). The 1st floor is around 15,000 square feet and the second floor is around 4668 square feet. The Industrial Building fronts 58th Street and has a great office/showroom, large second floor, six bathrooms and lots of street parking. There is also a 12' x10' street front drive up rolling door. Property walls have been updated recently with new paint, lighting and electrical. Don't miss this opportunity to purchase such a great deal! Property is very well located in the heart of Los Angeles and only minutes from the 110 Freeway. It is a short drive from most of Los Angeles including Downtown, Ports of LA and the 405/710/105/5/101/91/60 Freeways

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Commercial Active

Price

$ 2,999,888

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Industrial

Lot Size

0.3514

Year Built

1925

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

AR24020829

Days on Market

91
Features
General
Utilities ElectricityConnected WaterConnected
Year Built 1925
Property SubType Industrial
County Los Angeles
Net Operating Income 3000000.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Off Slauson and 110 Freeway
City Los Angeles
View Y/N N
Senior Community Y/N N
MLS Area 699 - Not Defined
Lot Size Square Feet 15306.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 58th
Listing Terms Cash Conventional Item1031Exchange OwnerMayCarry
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing None
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N Y
Rent Control Y/N N
Days on Market 55
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Vacant
Year Built Source Assessor
Property Sub Type Additional Industrial
Cap Rate 7.0
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Exterior
Water Source Public
Lot Size Area 15306.0
Spa N
Building Area Total 19688.0
Lot Size Acres 0.3514
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 425
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* Excluded Features
List By
Provenio Realty And Investment

Broker

(626) 391-9100

Phone

Affordability Calculator

$20,955
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,955
Monthly Property Taxes
--
Monthly Home Insurance
--
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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THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/21/2024$2,999,888 -14.26% Price Down
1/30/2024$3,498,888 Listed Price

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425 E 58th Street, Los Angeles, CA, 90011 is a Commercial Property for sale at $2,999,888 with 19,688 sqft and a lot size of 0.3514. 425 E 58th Street is a studio with 0.0 baths and was built in 1925. The property's zip code is 90011 which is in Los Angeles, CA

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