$1,990,000
$2,200,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
840 844 E Mission RD San Gabriel, CA 91776
Key Details
Sold Price $1,990,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25006745
Year Built 1960
Property Sub-Type Retail
Property Description
840-844 E Mission Rd is a value-add retail center of approximately 11,400 SF in the vibrant city of San Gabriel. Located on a corner lot, the 2 lots combine for approximately 16,633 SF. The project consists of 7 retail units, an apartment and a storage area. Tenants are currently on modified gross leases and below market rental rates. Immediate upside by converting expiring and month to month leases to NNN. Large new development taking place 1 block north of the property (+/-243 new residential units). Property is strategically located between the 10 and 210 freeways. A majority of tenants are on month to month leases and the longer term leases have termination clauses at the new buyer's benefit.
Location
State CA
County Los Angeles
Area 654 - San Gabriel
Zoning C3
Interior
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Lot Description Corner Lot
Story 2
Water Public
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Trust
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Bought with Visakha Sir Circle Real Estate