92nd & Alameda Yard
0.77 Acres of Industrial Land Offered at $2,546,750 USD in Los Angeles, CA 90002
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,546,750
- Sale Condition
- 1031 Exchange
- Property Type
-
Land, Industrial
Listing Contacts
Nancy Sanborn
Verified Profile
Brian Joy
Verified Profile
- Property Info
Property Overview
Court is set for 5/21/24 at 8:30am and the overbid starts at $2,546,750.
Please email [email protected] for overbid instructions.
Property to be sold with Parcel Numbers 6045-020-013 & 6045-020-015.
The Seller asks that everyone does all of their due diligence prior to overbidding in court.
Commission will be split as follows: 2.5% to listing agent and 2.5% to agent representing successful
purchaser based on the final sales price in court.
Trust Sale - Subject to Court Approval and Overbid Process
Corner Lot on Alameda
33,500 SF of land
Existing Single Tenant Lease in place, Term runs through 5/31/2025
Base Rent: $16,778.13/mo.
Annual Increases: 3% occur every June 1st
Option to Renew for 3 years, with continued 3% annual increases
Tenant pays taxes, insurance, maintenance and repairs
Please email [email protected] for overbid instructions.
Property to be sold with Parcel Numbers 6045-020-013 & 6045-020-015.
The Seller asks that everyone does all of their due diligence prior to overbidding in court.
Commission will be split as follows: 2.5% to listing agent and 2.5% to agent representing successful
purchaser based on the final sales price in court.
Trust Sale - Subject to Court Approval and Overbid Process
Corner Lot on Alameda
33,500 SF of land
Existing Single Tenant Lease in place, Term runs through 5/31/2025
Base Rent: $16,778.13/mo.
Annual Increases: 3% occur every June 1st
Option to Renew for 3 years, with continued 3% annual increases
Tenant pays taxes, insurance, maintenance and repairs
Highlights
- Fully Leased Industrial Land Site
- 6.76% CAP Rate
- Future Redevelopment Opportunity
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