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Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS23110344
Sold Date 01/31/24
HOA Y/N No
Year Built 2006
Tax Year 2024
Lot Size 5.280 Acres
Property Description
Also selling 5079, 5083, and 5087 Walnut Grove Ave Rosemead. These properties can be sold together or separately.
Welcome to 5081 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 4,000 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 lease rate for this property is $4,400 per month, with an additional $323 per month for common area maintenance (CAMs). This is a great investment with the tenant's lease expiring in 2026.
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 present 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 from 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 3
Building
Lot Description 26-30 Units/Acre
Story 2
Water Public
Others
Tax ID 5373033045
Security Features Fire Sprinkler System
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
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Bought with JUSTIN CHU • KELLER WILLIAMS REALTY