Alex Matevosian is proud to present this rare owner user/ investment opportunity!
This property is zoned M-1-P-1, and features a lot size of 19,166 sqft. Per Zimas, this property consists of two structures. The first structure is a 9 unit auto body/ auto repair building built in 1978, comprising 5,400 sqft. The first 2 bays are owner/user occupied at approximately 1,150 sqft. 6 bays are tenant occupied, and the 9th bay is a spray booth that is shared amongst all other units.
The second structure features a 2 bedroom, 1 bath house plus a studio comprising 1,380 sqft that was built in 1930. The property is separately metered.
The 6 tenant occupied units bring in a monthly revenue of $9,000 ($1,500 per unit modified gross) and have yearly rent escalations as follows:
2022-2023 – $1,500
2023-2024 – $1,750
2024-2025 – $1,900
The 6 commercial tenants have leases expiring in 2025.
The 2 bedroom house brings in a monthly revenue of $1,400, and the studio brings in a monthly revenue of $700. Both tenants are month to month.
TOTAL MONTHLY REVENUE FROM BOTH STRUCTURES IS $11,400.00 PER MONTH. THIS EXCLUDES THE TWO UNITS THAT ARE OCCUPIED BY THE OWNER (1,150 SQUARE FEET)
M1-1-P-1 Zoning: The M-1 Zone portion of the property is 168 feet. The P-1 Zone portion of the property is 142 feet. ** buyer to verify**
The property is centrally located between the 5, 118, and 210 freeways. It is in close proximity to major businesses including Home Depot, Lowe’s, Costco, Wells Fargo, and Chase Bank. And only blocks away from the Sylmar/ San Fernando metro link.
Buyer and buyer’s agent/broker to consult with the city and do their own research and due diligence regarding square footage, zoning, and use of the buildings.
