Excellent Rehab/Development Opportunity
Mixed-use potential with first-floor retail(COIN LAUNDRY, CONVENIENT STORE, BARBER SHOP, DONUT SHOP, SMOKE SHOP), second-floor currently offices, CAN BE CONVERTED INTO live/work studio apartment(46 UNITS) option. Offers substantial vacant space for additional income (verify with city). Located in a high-demand area with a 99.9% apartment occupancy rate in El Centro and nearby hotel booking rates exceeding 120%. AFTER REMODEL/CONVERSION MONTHLY PROJECTED INCOME WILL BE $25,000 TO $30,000, MAKING THIS PROPERTY VALUE TO BE $4,000,000.00 + REMODEL ESTIMATES CAME IN AT $600,000 TO $650,000. LOCAL MANAGEMENT AVAILABLE. SECURING GOVERMENT CONTRACT TALKS WITH FEDERAL LEVEL. CONSULTATION IN PERSON, PLEASE TEXT TO MAX LEE 213-434-2433