$7,800,000
$7,800,000
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1.54 Acres Lot
SOLD DATE : 06/01/2021
Key Details
Sold Price $7,800,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW20230806
Sold Date 06/01/21
HOA Y/N No
Lot Size 1.540 Acres
Property Description
Rare opportunity to acquire over 1.5 acres of freeway-adjacent property in the Greater Los Angeles area poised for redevelopment. The property is located on two contiguous parcels at 1022 and 1026 Leorita Street in Baldwin Park, California next to Kaiser Permanente’s Baldwin Park Medical Center and the 10 Freeway, on which traffic volume exceeds 200,000 cars per day. This asset is well-known to area motorists for its iconic freeway-visible signage: a horse and boot representative of the tenant, Broken Horn Saddlery, the “West Coast’s Largest Western Superstore.”
The legacy tenant currently occupies both buildings on the property, which are 1986 constructions totaling 23,040 square feet.
Location
State CA
County Los Angeles
Area 608 - Baldwin Pk/Irwindale
Zoning BPCM*
Interior
Fireplace No
Exterior
Community Features Urban
View Y/N No
View None
Building
Lot Description Lot Over 40000 Sqft
Water Public
New Construction No
Others
Senior Community No
Tax ID 8559008011
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with David O'Keefe • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "