7861 S Normandie Avenue, Los Angeles, CA 90044
Commercial property
Sold January 2024
Listing Agent: Dario Svidler (DRE #01884474) · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Cajetan Alufuo · Zenith Homes & Mortgage · MLS #23240659 · Source: CRMLS
About this commercial property
Partners CRE is proud to exclusively present for sale a perfect owner-user property that has been used for many years as a Children's Daycare but can serve well as offices and much more. Very well maintained over the years by long-term family owners, everything is in good working order. The property features two structures, the larger of which consists of open areas, a kitchen, two bathrooms and direct access on two sides to the open outside spaces. The smaller of the structures features a separate fenced-in area, an open room with an entrance at opposite ends and a bathroom. With the 7,065 SF C2-1VL lot, build 17+/- Units by Right or 25+/- Units by Density Bonus. Purchase the property as a land-bank for its current use and plan for future development! The property and an owner-user Buyer may qualify for an SBA loan. An outlier currently used as a business, the corner lot is surrounded by single family homes, apartment buildings and schools. The property will be delivered vacant with no Rent Control concerns or any requirement for replacement residential units. The 13+/- Parking Spaces are currently being used as a children's play area. DO NOT GO ON SITE. DO NOT DISTURB OCCUPANTS. Children on site.
Listing description from the January 2024 sale, as reported to CRMLS.
Sale history