$1,100,000
$1,198,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
1811 S San Gabriel BLVD San Gabriel, CA 91776
785 SqFt
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 785 sqft
Price per Sqft $1,401
MLS Listing ID AR23076338
Sold Date 01/02/24
HOA Y/N No
Year Built 1965
Annual Tax Amount $3,705
Tax Year 2022
Lot Size 10,375 Sqft
Acres 0.2382
Lot Dimensions Assessor
Property Description
Offered for sale, and for the first time on the market in over 58 years, is a 10,378 square foot parcel zoned MU-C/R (Mixed-Use Corridor/Residential) with an existing 785 square foot structure. Originally developed and built in 1965 as a Triple Net Lease asset for the Wienerschnitzel Hotdog brand that operated at the site as a fast-food restaurant for approximately 3 decades. Since then, various modifications have been made from multiple food service businesses that have operated at the site. The property offers many possibilities for existing use as NNN investment asset and future development as value is in the land. Existing building can only be enlarged to 1,500 sq. ft. and drive-through food service is not allowed. Prospective buyers to please check with the City of San Gabriel for all proposed uses.
Location
State CA
County Los Angeles
Area 654 - San Gabriel
Zoning C1
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating None
Cooling None
Fireplace No
Laundry None
Exterior
Fence Block, Good Condition, Partial
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Overhead Utilities
Roof Type Flat Tile,Metal,Tile
Total Parking Spaces 17
Building
Lot Description Paved, Rectangular Lot, Street Level, Value In Land, Walkstreet, Level
Story 1
Water Public
Others
Tax ID 5370023029
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit
Financing Cash to Loan,Cash to New Loan,Cash to Second Loan,Contract
Special Listing Condition Standard, Trust
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Bought with FELIPE CHU • Ma Realty Inc
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