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Kenny Bellini

kenny@kennybellini.com +1(310) 749-9092

$ 849,999

Est. payment | -/mo

4 Beds

5 Baths

2,052 SqFt

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$ 849,999

Est. payment | -/mo

Save Virtual Tour

4 Beds

5 Baths

2,052 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,052 sqft

Price per Sqft $414

MLS Listing ID 26767937

Bedrooms 4

HOA Y/N No

Year Built 1927

Lot Size 4,159 Sqft

Property Description

This well maintained 5 unit, mixed use property is the perfect entry level commercial investment. Featuring (4) One bedroom, one bathroom units (1) small retail unit and (2) oversized, fully-gated one car driveways. With one being at each end of the property. This property is uniquely located on a wide, corner lot, consisting of two detached buildings, making the retail unit and 4 residential units entirely separate. This offers both prime frontage for the retail unit along side a sense of privacy for the residential units. The retail unit was once a to-go, food business, then a snack stand and is currently used as storage. The commercial retail unit and (1) residential unit will be delivered vacant; offering access to immediate upside in rents. The Watts area is under rapid re-development including recent building of Freedom Plaza to compliment the rebuilding 100s of new units at the Jordan Downs Housing Complex. The nearby Nickerson Gardens and Imperial Courts are slated for similar development as well, furthering the economic activity in the area and providing much needed housing. Located just minutes away from Downtown Los Angeles with close proximity to 105, 110, 710 and 605 Freeways; making it ideal for transit to area employers and attractions. Contact me today to set up your showings or with any questions! With two units delivered vacant, you can easily achieve a near 8.5% cap rate and a 9.5 GRM to CASH FLOW! Additionally, the adjacent property at 11003 Compton Ave is listed for sale at the same time, offering the chance to assemble both properties. See MLS Listing #26665505 for more information.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LAR2

Interior

Heating Forced Air, Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Concrete, Driveway

Pool None

Community Features Gated

View Y/N No

View None

Porch Rear Porch, Front Porch, Porch

Private Pool No

Building

Faces North

Story 1

Entry Level One

Level or Stories One

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 6070008015

Security Features Gated Community

Financing Cash,Conventional,Private

Special Listing Condition Standard

Virtual Tour https://www.zillow.com/view-imx/fe0032dd-897b-4fd5-9bc8-d02eb4d314e2?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Zachary Grant Real Broker #02046001

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Kenny Bellini

+1(310) 749-9092

kenny@kennybellini.com

1570 E 110th ST Los Angeles, CA 90059

Kenny Bellini

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1570 E 110th ST