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$1,689,000
Est. payment /mo
4 Beds
6 Baths
5,184 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $325
MLS Listing ID 25625885
Bedrooms 4
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
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal
Exterior
Parking Features None
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5092004023
Special Listing Condition Standard
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Listed by Elijah Shin Dream Realty & Investments Inc #01358906
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