1262 N Evergreen Avenue, Los Angeles, CA 90033

About this property

CASH OR HARD MONEY FINANCED OFFERS ONLY. We are pleased to present 1262 & 1266 N Evergreen Avenue in Ramona Gardens, just east of Downtown Los Angeles. The properties consist of a retail store, single-family house, and an empty lot. The corner lot is comprised of a fully remodeled convenience store and one newly renovated single family 2 bed/2 bath house, while the adjacent lot is empty and could be used to develop a single-family house. Since both buildings are being sold fully remodeled and vacant, this offers a perfect owner/user investment opportunity, or for a developer to rent out the retail store and single-family house and build on the empty lot. The unique location provides easy access to the 10, 5 and 710 Freeways. Additionally, the properties are minutes away from Downtown Los Angeles, which continues to experience rapid growth. CAP Rate and GRM based on proforma rents - Lot, House and Retail Space are all currently vacant.

Listing description from the May 2019 sale, as reported to CRMLS.

Sale history

$570,000

Sold May 2019 · listed $585,000, on market February 2019 · MLS #SB19032158 · Source: CRMLS

Listing Agent: Nico Rosmarin · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Choong Hoon Oh · WILSHIRE REAL ESTATE

$410,000

Sold May 2017 · listed $450,000, on market January 2017 · MLS #PW17026209 · Source: CRMLS

Listing Agent: Andrew Shin · Listing Office: ReMax Legacy · Contact: 714-207-7333 · Bought with: Manuel Saravia · Keller Williams Realty Los Fel

$409,000

Sold May 2017 · listed $450,000, on market January 2017 · MLS #PW17040522 · Source: CRMLS

Listing Agent: Andrew Shin · Listing Office: ReMax Legacy · Contact: 714-207-7333 · Bought with: Manuel Saravia · Keller Williams Realty Los Fel

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