Lynwood, CA 90262,5112 E Imperial
Lynwood, CA 90262,5112 E Imperial
Lynwood, CA 90262,5112 E Imperial
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$1,960,000

$2,150,000

8.8%
Est.Price: ?

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Est. payment /mo

2,929 SqFt


SOLD DATE : 08/13/2024

Key Details

Sold Price $1,960,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 2,929 sqft

Price per Sqft $669

MLS Listing ID PW24125792

Sold Date 08/13/24

HOA Y/N No

Year Built 1931

Lot Size 8,437 Sqft

Property Description

MAJOR CASH FLOW!
11% Cap Rate
This is a Sale Lease Back to Catalyst Cannabis Co.
Catalyst Cannabis Co. has 27 stores open and operating.
Catalyst Cannabis Co. to rent back the property from Buyer for $20,000 Gross a month.
After construction the square footage of the structure will be approximately 2,929 square feet.
Licensed by the City of Lynwood & State of California for a cannabis retail store and should be able to complete construction in late July/August.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Building

Lot Description 0-1 Unit/Acre

Story 1

Water Other

Others

Tax ID 6194004016

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Timothy Lewis • Elliot Lewis, Broker • timrlewis@gmail.com
Bought with NONE NONE • None MRML
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