13226 Rosecrans, Norwalk, CA 90650

$1,599,000

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List Price
$1,599,000
Price Change
▼ $100,000 1781658992
Status
ACTIVE
MLS#
CV26012252
Year Built
1925
Lot Size
19,076
Acres
0.44
Lot Location
0-1 Unit/Acre
Days on Market
191
Property Type
Commercial
Property Sub Type
Retail

Property Description

HUGE PRICE IMPROVEMENT!!!!!!!!!!!!! Exceptional Income Producing Investment Property for Sale with so much potential. Do not miss this rare opportunity to acquire a well-established restaurant property situated on nearly half an acre of land. The property features three detached buildings, offering both operational and income-producing potential. The main building is a well-maintained restaurant prominently located on the corner of high-traffic Rosecrans Avenue, providing excellent visibility and accessibility . The two additional detached buildings on the site are currently leased and generating consistent monthly income. The primary building is occupied by a restaurant tenant under a 5 yr lease contract at $5,000 per month plus NNN, while two additional detached buildings are leased to complementary businesses; one tenant operates under a five-year lease at $2,500 per month which will increase to $3,000 per lease agreement in December plus NNN, while the 3rd tenant maintains a month-to-month agreement at $1,200 per month. With all spaces fully leased, investors benefit from immediate cash flow and minimal operational oversight. The sale includes existing restaurant equipment, making this great for an investor seeking a versatile commercial asset with strong income potential. Please Do NOT bother property tenants or employees or ask them any questions, showings MUST be accompanied by the owner/property manager or listing agent.

Additional Information

Water
Public
Attached Structure
Detached
Number Of Units Total
3

Listing courtesy of Listing Agent: Marisela Herrera (marisellahome37@gmail.com) from Listing Office: REALTY ONE GROUP EMPIRE.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.