• Price reduced! Seller motivated!
• Apartment investment opportunity
• 3 stand-alone buildings: 2,220 sq.ft. home office on 21,780± sq.ft. of contractor’s yard land • Ideal to occupy one of the buildings for a home office for acontractor business • Rent out the other two buildings for investment income • Legal non-conforming use is currently a triplex with three 2-bedroom residential units • $4,840 current below market monthly income (month-to-month tenancy)
• $50,274 pro forma NOI with 6.93% cap rate • Located just west of Santa Fe Avenue and 3 blocks north of Rosecrans Avenue • One mile south of the Century (105) Freeway • Zoning code 30-14.4 may allow: Accessory storage of automobiles (in operating condition); building materials (excluding rock, gravel, and sand storage in excess of 2,000 tons); equipment, lumber, pipe, wood, cabinet and carpentry shops; carpet cleaning; pest control operator.
