Paramount, CA 90723 14045 Garfield Ave.
$1,999,888
2 more
Presented By: Marcia La with Century 21 Ludecke Inc.;
- MLS# AR24219008
- 10/24/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
SQFT • 5,964
Home Details
PRICE REDUCED!!!! Great news for investor buyers: an extraordinary opportunity to own or invest in this commercial property. The property has not been on the market for 40 years. It offers substantial rentable space and has significant potential for growth. A substantial long-term tenant has been there for over 20 years; It includes a newly negotiated contract with a cell tower company for a 35-year lease—excellent access to 91, 605, 710, and 105 freeways. The total monthly rental income from the tenant and cell tower lease is $7123.00. MUST SEE, DON'T MISS THIS OPPORTUNITY!!!!!
Presented By: Marcia La with Century 21 Ludecke Inc.;
Interior Features for 14045 Garfield Ave.
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 14045 Garfield Ave.
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeWarehouse
Cap Rate26.0
Carport Y/NNo
CityParamount
Construction MaterialsBrick
CountyLos Angeles
Current FinancingNone
Current UseSeeRemarks
DirectionsCross Street Rosecran, corner of Garfield Ave. and Quimby st
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Insurance Expense3429.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet18957.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income51581.0
New ConstructionNo
Number of Units Leased1
Occupancy TypeTenant
Operating Expense33895.0
Property Attached Y/NNo
Property Sub Type AdditionalWarehouse
Property SubtypeWarehouse
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Year2023
Year Built1972
ZoningPam2*
Exterior for 14045 Garfield Ave.
Building Area Total5964.0
Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.4352
Lot Size Area18957.0
Number of Buildings1
Private PoolNo
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate