Property Detail

Description

2 Residential Lots and 1 Commercial / Retail Lot sold as a package together on well trafficked corner of W. Mission Rd. and N. Pico Ave. .24 acres total. Level / terraced and all usable. Currently there is a residential duplex and an office on the lot. Highest and Best Use would be to use for Retail or Apartments / Condos. A successful used car sales business has been run on the lot in the past. Currently the residential duplexes are rented out for $1250/mo and $1028/mo and the office would rent for $2500/mo. This is a great opportunity to build a beautiful retail strip center, restaurant, larger offices or apartments / condos on the property. The residential zoned addresses are 205 W. Mission Rd. with APN 103-131-03-00 and 219 W. Mission Rd. with APN 103-131-02-00. The commercial zoned addresses are 408-416 N. Pico Ave. with APN 103-131-04-00. Seller believes city will be cooperative with different possible uses subject to buyer's due dilligence. Great opportunity. Well priced valuing the residential lots at $125,000 each and the commerical lot at $750,000 for the $1,000,000 total. Seller is firm.