Global Platinum Properties is proud to present this 2 unit, strip retail center. The units have been converted into 1 large unit. The said property consists of a 1,760 SF building that sits on a 4,002 SF lot [APN: 5107009029]. There are 5 surface parking, accessible from the rear alley. Both units are currently occupied by a Church. The Church has a 3-year lease, set to expire in October 2019. The offering has great exposure, with 40 feet of frontage along Central Ave. The property is visible from the corner of 47th and Central Ave.
The subject shares the ingress/egress with 1117 E. 47th St., Los Angeles, CA 90011. This an SFR which is available for purchase. This SFR consists of 1,288 of improvements [room mix: 3beds/1bath]The said improvements sit on a 3,199 SF, LAC2 lot [APN: 5107009009]. The asking price is $350,000 and offered "Off-Market". Not on the MLS.
This is the perfect opportunity to marry both lots. Both lots are owned by separate owners. Our team has worked hard to bring these 2 properties together as 1 offering. This a rare case to buy a semi-corner strip center and a lot with potential for additional parking. This might be the only piece missing to bring a National NNN tenant.
There is a great tenant mix in the area. There is also excellent foot and car traffic counts. There's are 3 schools within a few blocks. Both properties are TOC [Tier-2]. This offering is full of potential. Listed by Julio Ruiz, Global Platinum Properties.