$1,050,000
$1,099,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
1,786 SqFt
SOLD DATE : 10/01/2024
Key Details
Sold Price $1,050,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,786 sqft
Price per Sqft $587
Subdivision Not Applicable - 1007242
MLS Listing ID 224002688
Sold Date 10/01/24
HOA Y/N No
Year Built 1951
Lot Size 1.267 Acres
Property Description
Great investment opportunity located in Lancaster, California. This 1.27-acre lot offers both owner-users and investors a unique investment opportunity to structure a profitable return on investment. The property is currently operating as an Automotive Body and Repair Center, a business that has thrived at this location for over two years and features multiple building structures on the property.There is a main office located at the front entrance and is protected by a fully secured electronic gate with a designated handicap space. Inside the office, there are two showrooms, a kitchen, a bathroom, a bedroom, and two designated office spaces with a full air conditioning unit. Central amenities; There is a fountain lounge area located in the rear of office. Lots of parking available throughout the 1.27-acre lot, with a concrete slab that extends from the entrance to the back of the property, which is great for large transportation trucks.The property includes a manufactured home with 2 bedrooms, 2 bathroom, a kitchen, and a spacious living room. This home is equipped with an air conditioning unit, a furnace, and a privately fenced custom in ground pool with water fountain located in the back. Additional 2 Bedroom guest house with bathroom access is attached to the manufactured home offering additional rental income. There is a separate building structure directly across the home that was formerly used as a sound studio approximately 500 sf. It is equipped with an air conditioning unit and electricity. Great rental potential with these structures in an area that is continuously growing.There are additionally five separate bays which are 20 x 30 ft on the property designed for automotive body and repair work, which 1 is currently rented by a tenant. Two of the bays are 14 ft high. Each bay is equipped with 110/220 volt power, providing a wide range of industrial and mechanical use. There is also a 16-foot high by 20 x 45ft spray booth structure on the property, fully enclosed and equipped with an electrical system, an exhaust system, and a generator. Great for painting and finishing large transportation trucks. Offering owner user or investor additional rental income potential.Zoned Heavy Industrial, this property is ideal for heavy industrial activities such as manufacturing, automotive , warehousing, or distribution. The zoning will allow for a large industrial building to be built, making it a valuable investment opportunity.
Location
State CA
County Los Angeles
Area Lac - Lancaster
Zoning LRHI*
Rooms
Other Rooms Living Quarters
Interior
Heating Combination, Fireplace(s), Zoned
Fireplace No
Laundry Inside
Exterior
Utilities Available Electricity Available
Roof Type Shingle
Building
Lot Description Back Yard
Story 1
Water Public
Additional Building Living Quarters
Others
Tax ID 3126026007
Security Features Fire Detection System,Security Gate,Key Card Entry,Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Magda Mavian • Evernest Realty Group
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Broker Associate | Lic# 00870450