$1,760,000
$1,867,250
5.7%For more information regarding the value of a property, please contact us for a free consultation.
5.28 Acres Lot
SOLD DATE : 01/31/2024
Key Details
Sold Price $1,760,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS23109796
Sold Date 01/31/24
HOA Y/N No
Year Built 2006
Annual Tax Amount $23,705
Tax Year 2024
Lot Size 5.280 Acres
Property Description
Also selling 5079, 5081, and 5083 Walnut Grove Ave Rosemead. These properties can be sold together or separately.
Welcome to 5087 Walnut Grove Avenue, located in the bustling city of Rosemead bordering San Gabriel. This exceptional industrial condominium offers a spacious and versatile workspace spanning approximately 5,335 square feet.
Upon entering the property, you'll be greeted by a well-designed layout that maximizes functionality and efficiency. The interior boasts ample open space, providing endless possibilities for various business operations. The property features 24' high ceilings and 400 AMPs.
The current tenant's lease has expired and is on a month-to-month tenancy, offering flexibility for both the new owner and the tenant. The lease rate for this property is $5,250 per month, with an additional $431 per month for common area maintenance (CAMs).
Located in a prime industrial area, this property benefits from its strategic location in Rosemead. The surrounding neighborhood is a hub of commercial activity, offering easy access to major transportation routes, including highways and main roads. This allows for seamless connectivity and efficient distribution of goods and services.
5079, 5081, 5083, and 5087 Walnut Grove Ave presents a rare Owner-User/Investment opportunity to acquire 4 Industrial Condominiums totaling 17,347 square feet.
5083 and 5087 are on MTM and can be delivered vacant. That allows 4,000 and 5,335 sf of immediate space for an Owner User to occupy or rent to a market-rate tenant.
Each unit has its own grade-level roll-up door and 3-5 designated parking spaces. 1 double door, and 1 exit door, 24’ clear height, and 400-Amps.
The business park has handicapped spaces and guest parking.
The property is located near the corner of Walnut Grove Ave and Grand Avenue with easy access to the 10 and 60 freeways.
The property is in the heart of San Gabriel Valley and 20 minutes to DTLA. Strong demographics with household incomes in excess of $101,000 in a 2-mile radius.
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Interior
Fireplace No
Laundry None
Exterior
Total Parking Spaces 5
Building
Lot Description 26-30 Units/Acre, Lawn, Landscaped, Sprinkler System
Story 2
Water Public
Others
Tax ID 5373033042
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with JUSTIN CHU • KELLER WILLIAMS REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
24251 Town Center Dr Suite 201, Valencia, California, 91355, United States