$695,000
$695,000
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1,130 SqFt
SOLD DATE : 03/11/2022
Key Details
Sold Price $695,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,130 sqft
Price per Sqft $615
MLS Listing ID 21103941
Sold Date 03/11/22
HOA Y/N No
Year Built 1951
Lot Size 4,356 Sqft
Acres 0.1
Property Description
The subject property is located on the prime signalized intersection of Sherman Way and Farralone Dr, and is operated by a single-tenant, currently running a children's school. The structures are comprised of one front building that has three classrooms, one bathroom, one office. There is also a garage in the back that was converted into a larger classroom and has one bathroom. The rest of the lot interior is used as an outdoor/play/recess area for students. The current tenant is paying $3,500 per month, and has scheduled rent escalation to bring the rent up to $3,710/month through 2022, $3,895 through 2023 and $4,200/month through 2024. The site offers major visibility on a prime commercial corner that boasts a traffic count of over 21,000 cars per day. This is a probate sale, but not subject to court confirmation. Please make your offer on the CAR Probate Purchase Agreement.
Location
State CA
County Los Angeles
Area Cp - Canoga Park
Zoning C1
Interior
Heating Baseboard, Central, Electric, Forced Air
Fireplace No
Exterior
Community Features Gated
Building
Lot Description Back Yard, Corner Lot, Front Yard
Story 1
Others
Tax ID 2023009012
Security Features Gated Community
Special Listing Condition Probate Listing
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