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$890,000
Est. payment /mo
5,519 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26219612
HOA Y/N No
Year Built 1996
Lot Size 5,519 Sqft
Property Sub-Type Retail
Property Description
Corner commercial property and successful market business offered together for sale at 11021 S. Vermont Avenue. Established for 25 years, the business is being sold as the owner prepares to retire. The property features dual street visibility, prominent signage, and on-site parking. The entire building is currently used as a food market, licensed for hot food use and holding a tobacco license. Buyers may inquire with the California Department of Alcoholic Beverage Control (ABC) regarding potential liquor licensing.
Additional monthly rental income totals $3,400: $2,700 from a portion of the parking area leased to a successful recycling business, $400 combined from two clothing donation booths, and $300 from a truck parking space. All three rental arrangements are month-to-month. Current storefront rental rates are approximately $2.50 per square foot per month. The market operation may be leased to an operator or continued as an owner-occupied business, offering flexibility for investors and owner-users. A great opportunity to acquire both the property and an established business, with existing rental income and upside potential.
Additional monthly rental income totals $3,400: $2,700 from a portion of the parking area leased to a successful recycling business, $400 combined from two clothing donation booths, and $300 from a truck parking space. All three rental arrangements are month-to-month. Current storefront rental rates are approximately $2.50 per square foot per month. The market operation may be leased to an operator or continued as an owner-occupied business, offering flexibility for investors and owner-users. A great opportunity to acquire both the property and an established business, with existing rental income and upside potential.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LCC3
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Present Use Commercial
Total Parking Spaces 8
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 6060024022
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Listed by Karine Haneyan JohnHart Real Estate #02100210
Nearby School & Business
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