$1,250,000
$1,400,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 07/09/2024
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LG23120921
Sold Date 07/09/24
HOA Y/N No
Year Built 1960
Lot Size 0.283 Acres
Lot Dimensions Public Records
Property Description
Renovation/Redevelopment Potential: 12,348 SF CSM/R2 zoned site in the heart of the Historical South Main Commercial District. Street access from both Main Street and Sycamore Street. Currently a Live/Work Building of 2,739 SF of Commercial Retail space (total fixer) with good frontage on Main Street, plus a 540 SF Apartment upstairs with a separate entrance from outside on a 6,098 SF Lot zoned CSM; Also, a permitted 2 Bed/1 Bath home, functioning as a 4 Bed/2 Bath 1,108 SF SFR home (average-good condition for rental) on a rear adjoining 6,250 SF Lot Zoned R2. Total lot area for the two parcels combined is 12,348 SF, perfect for your redevelopment mixed use site or renovation for owner/users. Bring your unique business, art studio, or workshop to a live/work location in Central Orange County. Great for owner user to live on site in the SFR, rent the apartment and/or the house, use the commercial building for a business or rent it out as income producing investment property. Investors delight; rent all three separately to maximize rents or together to make things simple. See MLS #LG23124456 for more details on the SFR offered together with this Commercial Building. We have contractors bids for renovation work needed to mitigate the City Red Tag Items; Detailed Estimates are available for qualified buyers.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning CSM & R2
Interior
Fireplace No
Laundry See Remarks
Exterior
Fence Wood, Wrought Iron
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Roof Type Flat
Present Use See Remarks
Total Parking Spaces 15
Building
Lot Description Rectangular Lot, Street Level, Level
Story 2
Water Public
Others
Tax ID 01506408
Acceptable Financing Cash
Listing Terms Cash
Financing Seller Financing
Special Listing Condition Standard
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Michelle Esquivel
michelle@michellehomesellingteam.comOur team is ready to help you sell your home for the highest possible price ASAP
Bought with Paul Marchi • Engel & Voelkers
michelle@michellehomesellingteam.com
515 S Myrtle Ave, Monrovia, CA, 91016, USA