Commercial property
Listing Agent: Shegun Alabi (DRE #01234673) · Listing Office: Victory Realty Group · Contact: 800-317-5704 · Bought with: Shegun Alabi · Victory Realty Group · MLS #SR22191913 · Source: CRMLS
This Commercial retail space is a 6.72% Cap Rate. The two leases and tenants take care of ALL expenses except Taxes and Insurance. One unite is a barber shop and the other unit is a smoke shop. Two long term tenants for over 20 years. Property was recently renovated for both units. One of the leases expire December 2022, so buyer may decide not to renew. Recent Appraisal Available - Commercial Retail Properties that are rented to two tenants. On busy South Crenshaw Blvd, South of Rosecrans and North of Marine. Recently renovated. Property is both 14510 S. Crenshaw Blvd and 14512 S. Crenshaw Blvd. Parking spaces in the back. Each unit has its own bathroom.
Listing description from the June 2023 sale, as reported to CRMLS.