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3120 S Hacienda BLVD Hacienda Heights, CA 91745
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Key Details
Sold Price $3,080,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 13,824 sqft
Price per Sqft $222
MLS Listing ID OC19267610
Sold Date 07/07/20
HOA Y/N No
Year Built 1964
Tax Year 2019
Lot Size 0.824 Acres
Acres 0.824
Property Sub-Type Mixed Use
Property Description
Location, location, location! Great opportunity to own a rare multi-tenant medical office building with longstanding tenants, stable income and existing NNN leases at the intersection of Hacienda Blvd and Colima Rd! The total leasable square footage is 11,918, includes 14 total divided office spaces with 11 lease to outstanding professionals. Sale to come with all tenants with several owner/user opportunities, spaces for a current cap rate of 5.6% and up to a cap rate of 7.9% if all spaces are leased out! Great investment for new owners as current owners are retiring and practiced Gastroenterology out of this medical plaza for more than 20 years! Wonderful classic construction with ample parking, lots of green spaces and landscaping enhances the appeal of this medical plaza paired up with its unbeatable location! Lots of opportunities for the new owner to put their own stamp on this property to make improvements, upgrades and to further add more value to this rare opportunity!
Location
State CA
County Los Angeles
Area 631 - Hacienda Heights
Zoning LCCH
Interior
Heating Central, Natural Gas
Cooling Central Air, Electric
Laundry None
Exterior
Fence None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Roof Type Composition
Building
Lot Description 0-1 Unit/Acre, Corner Lot, Front Yard, Garden, Landscaped, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Manual, Sprinklers On Side
Story 2
Water Public
Others
Security Features Security Lights,Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash,Cash To Existing Loan,Cash To New Loan,Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent,Owner,Property Manager
SHOW CONTACT NAME Joseph
SHOW CONTACT PH 9099922000
SHOW INSTRUCTIONS Please text Joe at 909-992-2000 for more information and to schedule viewings. Building is both occupied by existing tenants and the current owner.
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Bought with Ocap Real Estate Financial