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7861 S Normandie Ave Los Angeles, CA 90044
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Key Details
Sold Price $1,165,000
Property Type Commercial
Sub Type Specialty
Listing Status Sold
Purchase Type For Sale
Square Footage 2,148 sqft
Price per Sqft $542
MLS Listing ID 23-240659
Sold Date 01/30/24
Year Built 1960
Lot Size 7,054 Sqft
Acres 0.1619
Property Description
Partners CRE is proud to exclusively present for sale a perfect owner-user property that has been used for many years as a Children's Daycare but can serve well as offices and much more. Very well maintained over the years by long-term family owners, everything is in good working order. The property features two structures, the larger of which consists of open areas, a kitchen, two bathrooms and direct access on two sides to the open outside spaces. The smaller of the structures features a separate fenced-in area, an open room with an entrance at opposite ends and a bathroom. With the 7,065 SF C2-1VL lot, build 17+/- Units by Right or 25+/- Units by Density Bonus. Purchase the property as a land-bank for its current use and plan for future development! The property and an owner-user Buyer may qualify for an SBA loan. An outlier currently used as a business, the corner lot is surrounded by single family homes, apartment buildings and schools. The property will be delivered vacant with no Rent Control concerns or any requirement for replacement residential units. The 13+/- Parking Spaces are currently being used as a children's play area. DO NOT GO ON SITE. DO NOT DISTURB OCCUPANTS. Children on site.
Location
State CA
County Los Angeles
Area Metropolitan Southwest
Zoning C2-1VL-CPIO
Exterior
Garage Spaces 13.0
Building
Story 1
Others
Special Listing Condition Standard
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Bought with Zenith Homes & Mortgage