$1,150,000 11551 Atlantic Avenue Lynwood, CA

MLS: RS20114123   Type: Commercial   County: Los Angeles   City: Lynwood   Zip: 90262   Style: Retail  

Mortgage $5,399 /mo



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Multi-Tenant Strip Retail Property in C3 zone. Very convenient location!! Three individual tenants with separate address - 11551, 11555, and 11557 Atlantic Blvd. The generally rectangular-shaped subject site is improved with a wood frame and stucco, multitenant strip retail building totaling 5,468 rentable square feet. The building is 100% tenant occupied. This one-story building was constructed in 1955. The surface parking lot at the rear of the subject building allows a total of 24 tandem parking spaces. The subject property is 100.0% occupied and leased by three tenants. Unit 11551 (1,476 rentable square feet) is leased to Karate Azteca Tae Kwon Do. Unit 11555 (1,531 rentable square feet) is leased to La Favorita Bakery. And Unit 11557 (2,461 rentable square feet) is leased to Alvizar Market/Buffet. Each unit has an open-bay area with approx. 10 ft ceiling clearance, a private office/storage room. Unit 11555 has two restrooms. Units 11551 and 11557 each have one restroom. All the restrooms are single-fixture or have one toilet and one sink. Each unit has a front entrance door providing direct access from the sidewalk along Atlantic Avenue and a rear door which provides direct access to the rear of the building from the parking lot. Easy access to 105 & 710 FWY.

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Price History

6/13/2020 Listed $1,299,000
12/8/2020 12% - $1,150,000

Business Type Arts and Entertainment, Bakery, Deli/Catering, Education/School, Fast Food, Grocery, Multi-Tenant
Directions N. of 105fwy / W. of 710fwy
Listagentaor Rancho-Southeast
Listing Agent Pichamon Gentry-Pantera - BRE#01935173
Listing Agent State License 01935173
MLS Area RM - Lynwood
Number of Units Leased 3
Price Per Square Foot 202.46
Property SubType Retail
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard
Total Units 3
Zoning C3

Interior Features

Condo Area Unit Type Square Feet
Laundry Features See Remarks

Exterior Features

Building Area Total 5680.00
Land Use Office, Retail
Lot Size Source Assessor
Number of Buildings 1
Total Parking 24.00
Uncovered Spaces 24.00
Water Source Public

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Property vs Zip Code Avg (90262)

Price 1.15M Avg 579K

Sqr Feet 5,680 Avg 3,482

Cost / Sqr Ft $202 Avg $166

Visits 130 Avg 88

Days on Site 229 Avg 239

Walkscore® 74 Avg 77

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Pichamon Gentry-Pantera with C-21 Astro.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA