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425 E 58Th St, Los Angeles, CA 90011
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425 E 58Th St Los Angeles, CA 90011

$2,999,888
  • -- Beds
  • -- Baths
  • 19,688 Sq.Ft.
For Sale
$2,999,888 Get Pre-Qualified
Map preview of 425 E 58Th St, Los Angeles, CA 90011

Property Overview: 425 E 58Th St Los Angeles, CA has -- bedrooms, -- bathrooms, 19,688 living square feet and 15,306 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: PRICED FOR A QUICK SALE - PROPERTY IS NOW AVAILABLE TO BE SEEN STARTING LATE MARCH 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 8% to 10%. 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 $500,000. NEW PRICE IS $2,999,888. SELLER HAS ANOTHER INVESTMENT OPPORTUNITY AND NEED SOT 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 LATE APRIL, 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 a 10% Cap Rate (Return). At $1.00 PSF NNN or around $20,000, you would be at 8.0% Cap Rate (Return). Thus, the potential return can be amazing if you get the right tenant. Zoned LAM2 - Light Industrial and Potential Non-Retail Cannibas Uses. Please check with the city to confirm use. The subject property is approximately 19,668± square feet and the lot is approximately 15,246± square feet (as provided by public records). The 1st floor is around 15,000 square feet and the second floor is around 4668 square feet. The Industrial Building fronts 58th Street and has a great office/showroom, large second floor, six bathrooms and lots of street parking. There is also a 12' x10' street front drive up rolling door. Property walls have been updated recently with new paint, lighting and electrical. Don't miss this opportunity to purchase such a great deal! Property is very well located in the heart of Los Angeles and only minutes from the 110 Freeway. It is a short drive from most of Los Angeles including Downtown, Ports of LA and the 405/710/105/5/101/91/60 Freeways

Listed by Mike Vachani | BRE #01279002 | Provenio Realty and Investment
Last checked: 4 minutes ago | Last updated: March 25th, 2024 | Source CRMLS | DOM: 86

Home details

Lot Sq. Ft
15,306
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Industrial
Status
Active
MLS#
AR24020829
City
Los Angeles
County
Los Angeles
Time on Site
96 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $300,000
  • Net Operating Income: $3,000,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 425 E 58Th St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5101005011
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Off Slauson and 110 Freeway
View more facts & features

Local Los Angeles Agent

Sale History for 425 E 58Th St

Last sold on February 8th, 2010

  • January, 2024

  • Jan 30, 2024

    Date

    Active

    CRMLS: AR24020829

    $3,498,888

    Price

  • June, 2023

  • Jun 19, 2023

    Date

    Active

    CRMLS: AR23108717

    $15,000

    Price

  • Listing provided courtesy of CRMLS

    PROPERTY IS NOW AVAILABLE TO LEASE AND SHOW. FIRST SHOWINGS WILL START THE WEEK OF FEB 1, 2024. Large Industrial/Manufacturing Building or Warehouse in a Great Location of Los Angeles. Amazing Move in Special of $.76 Per Square Feet or $15,000 a month. This is over $10,000 below the Market Rents. Property has Heavy Power (800 AMP/480 Volt/3 Phase) and New Lighting. Zoned LAM2 - Light Industrial and Potential Non-Retail Cannibas Uses. Please check with the city to confirm use. The subject property is approximately 19,668± square feet and the lot is approximately 15,246± square feet (as provided by public records). The 1st floor is around 15,000 square feet and the second floor is around 4668 square feet. The Industrial Building fronts 58th Street and has a great office/showroom, large second floor, six bathrooms and lots of street parking. There is also a 12' x10' street front drive up rolling door. Property is very well located in the heart of Los Angeles and only minutes from the 110 Freeway. It is a short drive from most of Los Angeles including Downtown, Ports of LA and the 405/710/105/5/101/91/60 Freeways

  • February, 2010

  • Feb 8, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 425 E 58Th St

Assessed Value (2020): $70,558
Year Land Value Improved Value Assessed Value
2020 $48,840 $21,718 $70,558

Home Value Compared to the Market

This property vs the competition

425 E 58Th St is listed 144.89% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $152.37 per/sqft which puts the price per square foot 80.31% lower than the median price per square foot for the city of Los Angeles.

About 425 E 58Th St

Detailed summary of property

425 E 58Th St is a industrial located in Los Angeles, CA 90011 and is currently for sale. This industrial property offers -- bedrooms, -- bathrooms, roughly 19,688 living square feet, and sits on an approximately 15,306 square foot lot. 425 E 58Th St was first listed on ArdentRealEstateGroup.com on January 30, 2024. The homeowner is currently asking $2,999,888 and was originally asking $3,498,888. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 144.89% higher than the median priced home. While the average home in Los Angeles, CA is selling in 96 days, 425 E 58Th St has a days on market of 86 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 425 E 58Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 425 E 58Th St

Public county record property details
Beds
--
Baths
--
Year built
1925
Sq. Ft.
19,668
Lot Size
15,301
Stories
1
Type
Manufacturing (Light)
Pool
No
Spa
No
County
Los Angeles
Lot#
11-13
APN
5101-005-011

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
38
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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