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$1,689,000
Est. payment /mo
5,184 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $325
MLS Listing ID CL25625885
HOA Y/N No
Year Built 1922
Lot Size 3,575 Sqft
Acres 0.08
Property Sub-Type Other
Property Description
Mixed-use retail/residential spaces. With a total of 2 retail units and 4 studios, this property spans approximately 4,907 SF on a land area of around 3,485 SF. The historical charm of this 1922-built property is complemented by a prime location and a favorable C2 zoning. Current income flows from well-established tenants include Eye Lab and Sign in the retail spaces, with studios generating steady rental revenues. The property's desirable location and potential for increased revenue make it an attractive investment with a current cap rate of 4.6%. Comparable sales in the area highlight the competitive pricing and value offered by this property. For savvy investors seeking a distinctive opportunity in a bustling area of Los Angeles
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
New Construction No
Others
Tax ID 5092004023
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Listed by Elijah Shin • Dream Realty & Investments Inc