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$5,295,000
Est. payment /mo
17,440 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 17,440 sqft
Price per Sqft $303
MLS Listing ID CL26637245
HOA Y/N No
Year Built 1954
Lot Size 0.493 Acres
Acres 0.49
Property Sub-Type Other
Property Description
Priced Reduced by + $1,000,000! 8.3 GRM in the heart of Pico-Robertson. Owned by the same partnership for over 40 years. Strong in place income with clear upside through vacancy stabilization and rent normalization. Favorable one and two bedroom unit mix on a large 21,476 SF lot in a proven rental corridor. Consistent investor demand and liquidity supported by employment density and limited new multifamily supply.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 4302019001
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Listed by Chandler Rockwell • Fred Leeds Asset Group Inc.
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