Bought with Datashare CR Don't Delete Default Agent • Datashare CR Default Office Don't Delete
$1,437,500
$1,545,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
528 N Fries Avenue Wilmington (los Angeles), CA 90744
6,375 SqFt
Key Details
Sold Price $1,437,500
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 6,375 sqft
Price per Sqft $225
MLS Listing ID CRSB22124162
Sold Date 10/07/22
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 0.261 Acres
Property Description
528 N Fries Ave is a well-positioned industrial-use property in Wilmington. Built in 1978, the existing 6,375 SF warehouse sits on a large 11,351 SF lot and features an upstairs office, breakroom, and bathroom. The building zoning was recently changed. Per the city, industrial use is grandfathered in (buyer to verify). With the new zoning, a buyer will also have the development potential to build up to 15 units. Currently with a 4.80% market cap, this property is a unique opportunity for an investor to enter the industrial space or expand their portfolio in a hot market.
Location
State CA
County Los Angeles
Interior
Heating None
Cooling None
Fireplace No
Building
Water Public
Read Less
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