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$1,500,000
Est. payment /mo
4,194 Sqft Lot
UPDATED:
12/19/2024 05:49 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24472817
HOA Y/N No
Year Built 1913
Lot Size 4,194 Sqft
Property Description
Exceptional Investment Opportunity: Premier Mixed-Use Property in Downtown Los Angeles. Presenting a rare opportunity to acquire a high-value mixed-use commercial property strategically positioned at the prominent intersection of Pico Blvd. and Oxford Ave. This corner property combines stable income, strong tenant demand, and future growth potential, boasting an impressive 6.18% CAP rate and a monthly rental income of $10,396. This two-story property spans 7,360 sq. ft. on a 4,194 sq. ft. lot (zoned LAC2). It features a reliable retail tenant (a hardware store) and six fully leased residential studios on month-to-month agreements. With nearly 100% occupancy and tenants maintaining excellent credit profiles, this asset offers investors a blend of consistent income and substantial long-term upside.This property represents a rare chance to own a prime mixed-use building in the heart of downtown Los Angeles, providing a compelling combination of immediate returns and future value appreciation in one of the city's most sought-after markets.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAC2
Interior
Fireplace No
Others
Tax ID 5074001011
Special Listing Condition Standard
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Listed by Ki Seon Im • Ivy Realty Co.
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908