Business owner and real estate investor was seeking a cash out 1st TD on this LA County industrial property to make improvements to the same property. The property owner owns and operates a sand-blasting company on the same premises and has been in business since 2007.
Subject property is a single story 2,400 SF industrial property that sits on a large 11,908 SF lot. Built in 1955, the property is of rectangular shape and sits level at street grade. Property offers an office area, storage room, warehouse/shop area 2 bathrooms. Subject is in average condition and is of average Class C masonry and Class S metal construction. The property owner rents the exterior yard for $1,500/month.
Recent Transaction – $127,000 Business Purpose Cash-Out Refi, Lancaster, CA
