$2,500,000
$2,800,080
10.7%For more information regarding the value of a property, please contact us for a free consultation.
0.45 Acres Lot
SOLD DATE : 03/27/2024
Key Details
Sold Price $2,500,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23213795
Sold Date 03/27/24
HOA Y/N No
Year Built 1986
Lot Size 0.450 Acres
Property Description
Located in the San Gabriel Valley, this warehouse thrives in an area that's a hotspot for business and commerce. This warehouse and office space investment opportunity in the heart of Baldwin Park comes with massive income potential and promises excellent returns on your investment. In addition, this warehouse is perfect for entrepreneurs seeking to grow their businesses or investors looking to capitalize on the high demand for industrial space in the region. This spacious and well-maintained warehouse, built in 1986, is the perfect property for your business or investment portfolio. With a lot size of 19,597 square feet and a building size of 7,095 square feet, this property offers immense potential for rental income, boasting an estimated monthly gross rent of $12,000 to $14,000. In a prime location, Baldwin Park is a vibrant and growing community known for its strategic location, providing easy access to major transportation routes and nearby amenities. The building has a new roof that was installed within the past two years providing major advantages. Furthermore, this capital improvement not only enhances the building's durability but also reduces maintenance costs, ensuring the longevity of your investment. This spacious and versatile property provides ample room for various industrial and commercial purposes. The generous lot size allows for ample parking and outdoor storage if needed. Your investment in this warehouse property is set to benefit from the economic growth and development in the region with proximity to major transportation routes and highways, such as I-10 and I-605, therefore you and your tenants will enjoy convenient access for shipping and logistics needs. There are a variety of amenities nearby including shopping centers, restaurants, and recreational facilities. Your future tenants will appreciate the convenience of having these amenities at their fingertips. Whether you're an investor seeking a promising return or a business owner looking for the ideal industrial space, this property offers the best of both worlds. This is your chance to secure a sound investment in one of California's thriving industrial and commercial hubs.
Location
State CA
County Los Angeles
Area 608 - Baldwin Pk/Irwindale
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Fence Block
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 8
Building
Story 1
Water Public
Others
Tax ID 8414003015
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Owner May Carry, Private Financing Available, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Owner May Carry, Private Financing Available, Submit
Financing Other
Special Listing Condition Standard
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Bought with Pavan Maddi • Real Estate Mechanics
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Agent | License ID: 01958131