Customized Aging Specialists- Serving 55+ Communities, Aging in Place and Downsizing Customize your living style as you age-
Sold: Apr 01, 2021
Address
11551 Atlantic Avenue Lynwood, CA
Price
$ 1,020,000
Property Attributes
  • MLS#RS20114123
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLynwood
  • Zip90262
  • Style
  • Price$ 1,020,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size11,178 SqFt
Listing Provided Courtesy Of:
Pichamon Gentry-Pantera with C-21 Astro.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Multi-Tenant Strip Retail Property in C3 zone. Very convenient location!! Three individual tenants with separate address - 11551, 11555, and 11557 Atlantic Blvd. The generally rectangular-shaped subject site is improved with a wood frame and stucco, multitenant strip retail building totaling 5,468 rentable square feet. The building is 100% tenant occupied. This one-story building was constructed in 1955. The surface parking lot at the rear of the subject building allows a total of 24 tandem parking spaces. The subject property is 100.0% occupied and leased by three tenants. Unit 11551 (1,476 rentable square feet) is leased to Karate Azteca Tae Kwon Do. Unit 11555 (1,531 rentable square feet) is leased to La Favorita Bakery. And Unit 11557 (2,461 rentable square feet) is leased to Alvizar Market/Buffet. Each unit has an open-bay area with approx. 10 ft ceiling clearance, a private office/storage room. Unit 11555 has two restrooms. Units 11551 and 11557 each have one restroom. All the restrooms are single-fixture or have one toilet and one sink. Each unit has a front entrance door providing direct access from the sidewalk along Atlantic Avenue and a rear door which provides direct access to the rear of the building from the parking lot. Easy access to 105 & 710 FWY.

Price History
6/13/2020 Listed $1,299,000
12/8/2020 12% - $1,150,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90262

Price
AVG $810K
$1.02M

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