$569,000
$600,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
6,969 Sqft Lot
SOLD DATE : 09/04/2014
Key Details
Sold Price $569,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CC334741
Sold Date 09/04/14
HOA Y/N No
Year Built 1941
Lot Size 6,969 Sqft
Property Description
Free Standing Building with Parking, Corner Lot! Steady income from very busy single tenant, Genovese`s Italian Cafe, who has been in this same location for over 30 years. Very functional, well maintained restaurant, recently remodeled to ADA Compliance. Has 2 restrooms, kitchen w/ work station, dining area inside has 8 tables, outside patio has 7 tables. 11 on site parking at back of building plus plenty of street parking. Rent income is $3,388/month w/ 3% annual increase modified gross, about 5.28% cap rate. Tenant has 5 year lease.. Comments Title: Free Standing Corner Restaurant Income Property.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Fireplace No
Building
Story 1
Others
Tax ID 5292017004
Financing Cash
Special Listing Condition Standard
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Bought with Tommy Thai • Coldwell Banker George
