6717 Comstock Avenue, Whittier, CA 90601

$965,000
Sold Price
$965,000
List Price
$1,038,000
Closing Date
Mar 30, 2022
Status
CLOSED
MLS#
SB22006893
Year Built
1949
Lot Size
6,064
Acres
0.1392
Lot Location
Item25UnitsAcre
Days on Market
0
Property Type
Commercial
Property Sub Type
Retail

Property Description

***First time on the market for sale in 34 years. Property is situated in the Historic Uptown Whittier redevelopment Zone, across from the newly constructed multi level parking structure. *Interior/exterior upgrade/refurbish/remodel in 2011 and 2018. *New cooling/heating systems installed in 2018 for each unit. *Poly-Form roof installed in 2011. *Full/modern equipped restaurant with walk-in cooler. *12 parking spaces at the back side of the building. *Water, trash, Electricity, gas, cleaning maintenance paid by Tenants. Landlord pays property tax, insurance, main utility line, roof maintenance. 6713 Tenant Rise Athletics So Cal Fitness will pay $1350 starting March 1, 2022, and the Lease expires on Feb. 28, 2023. 6717, 19 Tenant BellyBombz Restaurant- Lease expires March 31, 2025 with annual rent increase appx. 7.2%. ***Effective April 1, 2022, Gross income will be $60,072. NOI $45,515 CAP rate 4.38%. *Seller is a California licensed Real Estate Broker. Buyer to cooperate with Seller's 1031 exchange at no extra cost and/or liability to Buyer. Broker/Agent does not guarantee accuracy of square footage, lot size, ordinances, zoning, rent control, permits, use codes, schools and/or other information concerning the conditions or features of the property obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Property is sold in present condition. ***PLEASE DO NOT DISTURB TENANTS AT ALL TIMES.

Additional Information

Heat
Electric, ENERGY STAR Qualified Equipment
Cooling
Yes
Cooling Description
Electric, ENERGY STAR Qualified Equipment
Exterior Construction
Concrete
Roof
Flat, Foam
Water
Public
Attached Structure
Detached
Number Of Units Total
20149
Gross Scheduled Income
$55,920
Operating Expense
14557

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Lilian Lee from Listing Office: Marriott Management Company

Listing sold by NONE NONE from None MRML

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.