16818-16822 Lakewood Blvd, Bellflower, CA
Retail for Sale - $940,000 - 1,424 Sq. Ft. on 0.19 acres
Property Info
CIMLS# | 893455 |
Location 16818-16822 Lakewood Blvd Bellflower CA 90712 | |
Updated | December 4th, 2016 |
Type | Retail |
Price | $940,000 |
Building | 1,424 Sq. Ft. |
Land | 0.19 acres |
Property Description
Unique opportunity to own this mixed use income property!
This mixed use lot consists of a car dealership facing Lakewood Blvd, two residential units accessible via a small residential street behind the dealership as well as billboard income on a long term lease.
The property currently generate revenue from multiple streams including:
Car Dealership Rental Income $42,000/ year
Residence 1 Rental Income $14,400/year
Residence 2 Rental Income $9,600/year
Billboard Income $2,000.00/year
COMBINED TOTAL INCOME: $68,000/year
Buyer may pick this up as a continued investment deal, or even a redevelopment opportunity based on the flexible lease terms in place with all tenants. (Billboard is on a 10 year lease, but doesn't effect the redevelopment potential of this property)
Located on Lakewood Blvd, also know as highway 19 or CA SR-19 and for decade continues to provide high traffic of both local residents as well as those using it to commute. With over 37,000 cars driving by per day as well its immediate proximity to the 91 freeway, the location is highly desirable.
This mixed use lot consists of a car dealership facing Lakewood Blvd, two residential units accessible via a small residential street behind the dealership as well as billboard income on a long term lease.
Location Description:
Cross streets are Flower St. and Lakewood Blvd. Located 30 seconds off of the 91 Freeway.
Highlights:
>> Multiple streams of steady income
>> High traffic street
>> Freeway adjacent
>> Steady cash flow
>> Motivated seller
>> Financing available!
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Financials
Sales Info:
>> Commision split: 2.5%