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9087 Las Tunas DriveTemple City, CA 91780Price: $1,399,888

  • Price: $1,399,888
  • 602 Days on Market
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Federal 30-year interest rate: 2.93% last updated on Jun 17, 2021
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  • $1,399,888List Price
  • 0.14Acreage

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Listed by Mike Vachani of Provenio Realty and Investment
We are officially BACK ON THE MARKET & READY TO SELL as of March 2021. WE ARE NOW PRICED TO SELL FOR A QUICK SALE: PRICE IS NOW OVER $200,000 LESS THAN THE ORIGINAL ASKING PRICE. SELLER WILL ALSO CONSIDER SELLER FINANCING!!! SELLER IS MOTIVATED & WOULD CONSIDER ADDITIONAL DISCOUNTS IF YOU PAY CASH & CAN CLOSE QUICKLY! This is a Prime Street Front Retail Building off Las Tunas Blvd near the corner of Rosemead/Las Tunas. Property is adjacent to New Shopping Center & is in one of the best locations in town! The lot size is over 6500 square feet & has a private parking lot in the back & lots of street parking out front. The property has around 3,850 square feet of space & can be used for Retail/Office & service. Please check with the city for exact usages as City is very specific. The property it build out in multiple rooms but can easily be converted back to a large open space or a mix of Open Retail Space & Office Space. This property is in the path of Development & perfect for an Investor using a 1031 Exchange or Owner User. Current Tenant has been in the property for a long time & is Month to Month. They can move out at Close of Escrow or you can negotiate a new lease. Their rent is significantly below rent. Based on Current Market Lease Rate of $$1.75 to 2.00/Foot NNN lease, the potential return on investment is more than 6.0%. This is a great opportunity for a Owner User, Investor, or 1031 Exchange Buyer!

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 "Based on information submitted to CA_CRMLS as of June 20, 2021 8:57 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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