11817 Atlantic Avenue,  Lynwood CA, 90262 (Commercial)

Status: Active
MLS#: GD17214628
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Last Updated: 9/24/2017 2:38 AM
Description for 11817 Atlantic Avenue Lynwood, CA 90262
The subject property is an two-unit mix used asset consisting of a retail property in front and a 2 bedroom 1 bath residential house behind the retail. The retail space has approximately 520 square feet of space with good frontage on Atlantic Avenue. The two bedroom house is approximately 904 square feet and has access through the alley with a gated private fence and parking area. According to public records the building was built in 1948 and contains two separate structures. The property is located conveniently near the 105 and 710 Freeways on Atlantic Avenue. Directly across the property is a newly constructed park and community activity center. The zoning for the property is CB1 (Lynwood Controlled Business Zoning). This zoning allows for variety of uses which have been vetted by the City of Lynwood and deemed appropriate for that particular pocket. Buyers are encouraged to confirm with City of Lynwood regarding their specific business interests and licensing questions. This offering provides an opportunity for an owner-user to be able to purchase their own building at an affordable price point and possibly utilize the house in the back in conjunction with their business needs.
Price
$459,900
Los Angeles
GD17214628
Active
Description
The subject property is an two-unit mix used asset consisting of a retail property in front and a 2 bedroom 1 bath residential house behind the retail. The retail space has approximately 520 square feet of space with good frontage on Atlantic Avenue. The two bedroom house is approximately 904 square feet and has access through the alley with a gated private fence and parking area. According to public records the building was built in 1948 and contains two separate structures. The property is located conveniently near the 105 and 710 Freeways on Atlantic Avenue. Directly across the property is a newly constructed park and community activity center. The zoning for the property is CB1 (Lynwood Controlled Business Zoning). This zoning allows for variety of uses which have been vetted by the City of Lynwood and deemed appropriate for that particular pocket. Buyers are encouraged to confirm with City of Lynwood regarding their specific business interests and licensing questions. This offering provides an opportunity for an owner-user to be able to purchase their own building at an affordable price point and possibly utilize the house in the back in conjunction with their business needs.
Listing Information
Property Type: General Commercial, Other
1948
Neighborhood
Room Information
Exterior / Lot Features
None
CB1 (Controlled Business)
Driving Directions
Property is located approximately one block south of the 105 and about one mile west of the 710 on Atlantic.
Financial Considerations
6189018042
Listing Price History

Lynwood Real Estate

Lynwood is located in California. Lynwood, California 90262 has a population of 71,989.

The median household income in Lynwood, California 90262 is $41,930. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Lynwood 90262 is 28.5 years.

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Courtesy: Krikor Garabedian - Keller Williams R. E. Services Krikor Garabedian
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