8630 Imperial, Downey, CA 90242

About this commercial property

This neighborhood retail center with only 2 units right on Imperial highway. Long term & good tenants. Close to 605 & 105 Fwy. Right Across from the 4 major apartment complex. High dense neighborhood. 1st unit is up & running well established Laundromat business. 2nd unit is a well established smoke shop. Property has good face lift with recently installed roof and new asphalt parking's. Asking at 4% caprate. Potential to increase cap rate. Property has two address 8630 & 8636 Imperial hwy. Ideal for 1031 exchange.

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$1,400,000

Sold December 2023 · listed $1,450,000, orig. $1,500,000, on market February 2023 · MLS #IG23022332 · Source: CRMLS

Listing Agent: Shahid Jalal · Listing Office: Gold Team Realty · Contact: 714-348-6388 · Bought with: Edwin Contreras · VISMAR REAL ESTATE

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