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Listed by WEN-FEN HSU • Pinnacle Real Estate Group
$2,495,000
Est. payment /mo
11,528 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,528 sqft
Price per Sqft $216
MLS Listing ID CRWS25252189
HOA Y/N No
Year Built 1923
Lot Size 0.338 Acres
Property Sub-Type Mixed Use
Source Datashare California Regional
Property Description
This mixed-use property features a two-story retail and residential building located in the heart of Los Angeles. The property offers strong income potential and excellent opportunities for future upgrades. The property is located on the busy Western Avenue, offering excellent visibility and exposure. The first floor consists of five retail storefronts, all currently occupied by tenants. An approximately 1,800 SF warehouse situated at the rear of the property is occupied by a tenant; however, it is not currently producing rental income. Convenient parking spaces for both customers and tenants are available at the rear of the building. The second floor includes seven residential units-three studios and four one-bedroom, one-bath apartments-providing steady residential income. The current rents are below market value, offering the buyer the potential to increase income through updated rental rates, subject to city rules and regulations. Perfectly located near iconic Los Angeles destinations such as BMO Stadium, the Natural History Museum, Hollywood, Downtown Los Angeles, Beverly Hills, the Santa Monica Pier, and the city's beautiful beaches, this property provides outstanding accessibility and convenience in a lively, well-connected neighborhood. The subject property is a historica
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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