Mixed Use Commercial – Residential
11111 Wilmington Ave – Los Angeles, CA 90059
11111 Wilmington Ave – Los Angeles, CA 90059Basics
- Category: sold
- Bedrooms: 2
- Bathrooms: 1
- Total rooms: 3
- Floors: 2
- Area: 1787 sq ft
- Lot size: 6500 sq ft
Description
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Description: Show all description
Sold for one of our investor clients. Mixed use property with two commercial retail units in front and a Single Family Residence towards the back of the property. Tenants were month to month. The recently remodeled barber shop is leased for $950/mo. The Single Family Residence is leased for $1,250/mo and was cosmetic repairs but has the potential for an ADU. The restaurant is currently vacant and has been recently remodeled with all new restaurant equipment for a takeout style food service operation. Per ZIMAS the lot is Tier 3 TOC which gives the property development potential for the future. We negotiated the sale and arranged for the seller to carry back the financing.