7715-23 Pacific is located in the highly desirable Walnut Park neighborhood in the County of Los Angeles next to Huntington Park, Ca. This is a rare mixed-use Medical/ Office & Retail Building at the NWC of Pacific and Olive. Ideal for an owner/user or investor who would like add value and maximize retail rents. The property consists of 2 structures divided into 7 rentable units. Three of the units will be delivered vacant with over 58% vacancy, the property qualifies for SBA financing. Most of the leases on MTM allow for a new investor to reposition the entire property and convert leases to NNN. The building was originally built in 1950 with a total size of 7,002 SF, sitting on 12,401 SF corner lot allowing for good visibility and accessibility with 8 rear parking spaces in a gated lot. The property is zoned C3 allowing for many uses including medical, near other major developments. Well Located in Walnut Park near Huntington Park, South Gate, Downey, Schools, Parks, and tons of Restaurant & Shops.
MLS# | OC25028801 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Pending |
Year | 1950 |
Days On Site | 58 |
Listing Provided By | Nohco Real Estate 213-804-7647 | Brian Noh |
SQ Feet | 7,002 |
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Story(s) | 1 |
Units | 7 |
Building(s) | 2 |
Zoning | LC-C3 |
Acreage | 0.28 |
State | CA |
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County | Los Angeles |
City | Huntington Park |
Zip Code | 90255 |
Area | T5 WalnutPk | HuntPk | Bell N of Florence | and Cud |
Listing VS Median (In 90255) | |
Price: $1,700,000 low | high Med: $759,200 SqFt: 7,002 low | high Med: 1,578 $ / SqFt: $243 low | high Med: $481 On site: 58 low | high Med: 525.000000 |