$1,200,000
$1,200,000
For more information regarding the value of a property, please contact us for a free consultation.
6,926 Sqft Lot
SOLD DATE : 12/21/2020
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR20240836
Sold Date 12/21/20
HOA Y/N No
Year Built 1957
Lot Size 6,926 Sqft
Property Description
Prime Silverlake. Zoned C2 Excellent opportunity to tear down, build new apartments or Small Lot. MAI appraisal dated Aug. 2020 at a value of $1,550,000 to $1,700,000 with proforma of $9,030.00 per month, $3.50 a foot + and a potential future 5 cap rate. LOW cost per foot as commercial building sales in Silverlake average from $650.00 to $811.00 per foot. Lot dimensions approx. 90 feet x 80 feet.
Location
State CA
County Los Angeles
Area 671 - Silver Lake
Interior
Fireplace No
Laundry None
Building
Lot Description Tear Down
Water Public
Others
Tax ID 5438019007
Acceptable Financing Cash
Listing Terms Cash
Financing Trade
Special Listing Condition Trust
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Robert Eilbacher • International Realty