7870 South WESTERN Avenue   |  Los Angeles (City), CA 90047

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  • $450,000

  • Est. Monthly Payment: $1,232,123/mo
  • Today‚Äôs Mortgage Rates

STANDARD SALE. EXCELLENT TURNKEY INCOME PRODUCING MIXED USE PROPERTY. NOW FULLY OCCUPIED. AWESOME RENTS 9.5% CAP RATE ON EXISTING INCOME. C2 ZONED FOR COMMERCIAL/OFFICE/MEDICAL/RESIDENTIAL USE. THE PROPERTY HAS TWO LEGAL ADDRESSES 7868-7870 WESTERN AVENUE AND IS SITUATED ON A DOUBLE LOT. THE PROPERTY HAS BEEN DIVIDED INTO TWO PARTS 7870. . . CURRENTLY USED AS A CHRISTIAN CHURCH WITH MEDIA ROOM EQUIPPED WITH CENTRAL VACUUM, SURROUND SOUND, TWO BATHROOMS & STORAGE ROOM. RENTED FOR $2200 PER MONTH. 7868. . . HAS SIX OFFICES WITH RECEPTION AREA, TWO BATHROOMS, KITCHENETTE & BONUS AREA. ALSO LEASED FOR $2200 PER MONTH. THE BACK SECTION OF THE PROPERTY HAS A NEW KITCHEN WITH GRANITE COUNTERS, CABINETS & TILE FLOORS. ALSO TWO BRAND NEW ATTACHED ROOMS. LOTS OF POSSIBILITIES & MANY UPGRADES THROUGHOUT INCLUDING UPDATED ELECTRICAL PANEL. GATED PARKING IN THE REAR. GREAT INVESTMENT PROPERTY WITH RESIDUAL INCOME & CASH FLOW. PERFECT FOR INVESTOR.

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Property Features

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Interior Features
  • SQFT: 2658
Exterior Features
  • Lot Size: 5502 ft
  • Stories: 1

Utilities

Additional and Community Information

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Additional
  • County: Los Angeles
  • Property Type: Duplex
  • Year Built: 1956
Community

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Listing provided courtesy of Encino - Sherman Oaks. Email this broker.

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