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$ 1,689,000
Est. payment | /mo
3,576 Sqft Lot
$ 1,689,000
Est. payment | /mo
3,576 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26854897
HOA Y/N No
Year Built 1922
Lot Size 3,576 Sqft
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
Area C18 - Hancock Park-Wilshire
Zoning LAC2
Interior
Fireplace No
Others
Tax ID 5092004023
Special Listing Condition Standard
Listed by Elijah Shin Dream Realty & Investments Inc #01358906
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Suite 100 25950 Acero, Mission Viejo, California, 92691, USA