425 E 58th Street
Los Angeles, CA 90011

PRICED FOR A QUICK SALE - PROPERTY IS NOW AVAILABLE TO BE SEEN STARTING MAY 16th. This will not last and is the best priced industrial building in this area of town! Large Industrial/Manufacturing Building or Warehouse in a Great Location of Los Angeles. Potential Cap Rate of 9% to 11%. Great 1031 Exchange or OWNER USER building. This is priced way below the market for an immediate sale! Seller may consider Seller Financing with a strong down payment and terms! SELLER IS VERY MOTIVATED AND JUST LOWERED THE PRICE BY $750,000. NEW PRICE IS $2,749,888. SELLER HAS ANOTHER INVESTMENT OPPORTUNITY AND NEED TO CLOSED FAST. THIS NEW PRICE IS ALMOST 1 MILLION DOLLAR BELOW THE MARKET. YOU WILL NOT FIND A BETTER DEAL. THIS PROPERTY HAS A LOT OF UPSET AND IS PERFECT FOR A 1031 EXCHANGE!!! IF WE CAN CLOSE IN BY MID TO EARLY JUNE, WE WILL MAKE A DEAL WORK!!!! Property has Heavy Power (800 AMP/240 Volt/3 Phase) and New Lighting. Market rents for the area are $1.00 to $1.25 PSF NNN. Using a NNN monthly lease rate of $1.25 PSF or $25,000 a month, you would get close to a 11% Cap Rate (Return). At $1.00 PSF NNN or around $20,000, you would be close to a 9% Cap Rate (Return). Thus, the potential return can be amazing if you get the right tenant. Zoned LAM2 - Light Industrial and Potential Non-Retail