Property Detail

1422 E Imperial

Los Angeles CA 90059

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$1,949,000

Status: Active

Property Details

Description

SELLER FINANCING, Seller shall carry back financing in an amount equal to 50% of the purchase price ,for the first year, interest shall accure at 5% per annum. For the second year, interest shall at 8% per annum. This Prime Imperial Highway lot is an exceptional CAR WASH opportunity, with high traffic and outstanding visibility for immediate development. Plus, it's fully entitled under ED-1 for a future 120-unit affordable housing project. The planned unit mix includes 8 singles, 108 one-bedrooms, and 5 two-bedrooms. Whether you begin with a thriving car wash or pivot later to housing, this lot offers both immediate and long-term potential in a growing area.Don't Miss this rare opportunity

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