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$3,199,000
Est. payment /mo
8,000 SqFt
UPDATED:
01/13/2025 01:30 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $399
MLS Listing ID CL25476693
HOA Y/N No
Year Built 1957
Lot Size 0.281 Acres
Acres 0.28
Property Description
Excellent incoming producing property sitting on two commercially zoned lots with 22 parking spaces, 14 residential studio units, on the top floor, and three commercial spaces on the bottom floor. Run your business from the bottom floor while the residential tenants pay you for your building! Monthly income of nearly 29K! Incredible CAP and GRM! In a booming pocket of LA in the heart of where the Olympics will take place in 2028. Don't miss this value add property with plenty of upside. All commercial units pay for their electricity. Restaurant can be charged for garbage. 33.3 % of the occupied residential units pay a flat fee for utilities which can be adjusted if needed. Utilities are not included in their lease agreement. 5 units are government subsidized with Section 8 (4 HACLA, 1 HACOLA).
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Flooring Laminate
Fireplace No
Laundry See Remarks
Exterior
View Y/N true
View City Lights
Building
Lot Description Other
New Construction No
Others
Tax ID 5041013002
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Listed by William Creed • Clement Partners Real Estate