$205,000
$240,000
14.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/05/2021
Key Details
Sold Price $205,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID RS21105929
Sold Date 11/05/21
HOA Y/N No
Year Built 1936
Lot Dimensions Assessor
Property Description
The seller has been running a liquor store with the couple husband and wife for 32 years. The Liquor was first opened in 1964. The owner has a record of 32 years of sales and an accurate tax return record. The store features steady sales every month, and there are a lot of old regular customers. In addition, a facility with hundreds of low-income senior apartments managed by El Monte City will soon be completed. It is right in front of the store. Also, since there are no competing stores around, sales are always on sale. Satisfied. We have a private office, kitchen, toilet, and shower. There are 3 storage and a parking lot for convenient inventory loading. Current average sales are $49,000 Net income is $12,000 per month. The current owner wants to sell the store due to retirement. The owner has been running the business for 32 years without any accidents or violations. All equipment in the store is in excellent condition. If you are looking for a stable income, choose this store, it will be your best investment. It is on sale for $240000 including inventory. Inventory $30,000.The lease term is 3 years and option 3 years Sigle NNN-Net lease. A lease extension is no problem at all, This is because the building owner sincerely wants to continue the Liquor Store. Don't miss a good store. It is a store located in the three-way corner of the independent building. Store size 1,800sf
Lot size 5.449 sf.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMC3
Interior
Fireplace No
Others
Tax ID 8577015020
Financing Cash
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