This mixed-use freestanding building in the City of South Gate. This building has two retail tenants on a month-to-month lease: Party Store and a Bar. There are also two apartments upstairs which are also below market rent and each unit has a 1 bedroom and 1 bath floor plan. Parking access is shared with the neighboring buildings to the north, which is also available for sale at $1,265,000. This building does qualify for 90% SBA Financing, if a Buyer intends to occupy the entire ground floor. The current income is $3,810 per month which is approximately $.68 per square foot. These rents are well below market leaving tremendous upside for a new Buyer.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
