One of a kind creative space in Frogtown. Perfectly situated as the last industrial building before the major residential section of Elysian Valley, this approx 4500 square foot space has for over 30 years been a place for art and art-making. With Pristine white surfaces and 15 foot ceilings, it was for over 20 years the home and studio of artist Frank Romero, a pioneer of the Los Angeles Chicano movement and pivotal member of the acclaimed art group Los Four. Presently used as a collector's private art gallery and home, it is centered around an immense 29 x 38 foot gallery with 15 foot ceilings, and includes 2 smaller galleries, large art storage area with loading dock, 3 room office/bedroom suite, a principal bedroomwith adjoining office, kitchen, and soaring domestic storage, 2 bathrooms, 2 mezzanine storage areas, a 3 truck garage facility with roll-up doors, and extensive camera security system. The property is zoned LACM Manufacturing (Light) and is 3 doors from the LA River with next street access to the famous L.A. Bikepath. The path provides a direct connection to the gentrified Frogtown delights of the new Loreto Restaurant, LA River Kayak Safari, La Colombe Coffee, and Wax Paper. Frogtown/Elysian Valley is the new LA hub of artists, architects, filmmakers, and high tech, and continues to develop as a much in demand location for commerce and living.
Completely renovated industrial warehouse in the heart of Echo Park, ideally suited for any and all creative uses. High ceilings, brick walls and vaulted wooden bow-trusses are just some of the architectural highlights of this approximately 3,600 square foot space. Two large open spaces an be utilized for any number of purposes. A spacious glass enclosed mezzanine looks onto the vastness of the warehouse below. New systems include insulated foam roof, three new HVAC units, all new electrical, updated sewer and copper supply lines, two baths, outdoor patio, large 12 x 12 roll-up door, four skylights, wired for sound, cameras and alarm. Adjacent to the bustling Mohawk junction mall at the corner of Sunset Blvd. and Alvarado St. convenient to downtown, Hollywood and just blocks from the 101 freeway.
Rare opportunity to own great value of commercial property. Ideal for Medical office, clinic, retail shop, Architect office, general office use. Property is zoned C2. Excellent opportunity to develop, invest this parcel or run the business in a desired and bustling area of 3rd St., right off Alvarado Blvd. Total building area is approx. 3,540 sqft and Lot size is approx. 6496 sqft (approx.1500 sf of basement with 9 FT high ceiling which is not included in total sqft) .Within a block from St. Vincent Medical Center. 2 UNITS in the building with 7 parking spaces. Corner lot with a traffic light. The property will be delivered vacant. ***EXCELLENT FLOW OF TRAFFIC AREA & EXTEA APPROX.1500SF BASEMENT SPACE
Built in 2020, Fig & York is the new flagship apartment community in Highland Park, a hip historic neighborhood in the northeast corner of Los Angeles. Sitting on a 23,499 SF lot, the design-centric complex has 21 units and features live/work loft-style townhomes with generous high ceilings throughout, central heat and air, in-unit washer/dryer, stainless appliances, recessed lights, stained and polished concrete floors, and balconies. The modern two-story 19,732 SF building contains 7 1BD/1.5BA and 14 2BD/2.5BA units. The average unit size is approximately 1,000 SF. Community amenities include covered gated parking, a fully equipped gym, secure package locker room, EV charging stations, outdoor courtyard, surveillance cameras throughout, and much more! Located in the hip and happening heart of Highland Park and adjacent to the 110 freeway, Fig & York offers easy access to Downtown Los Angeles, South Pasadena, Pasadena, and all the San Gabriel Valley.
Unique investment opportunity for a 20 room motel! Repurpose the property for emergency shelter for the unhoused, convert the property for permanent supportive affordable housing, or redevelop the property to take advantage of the superior zoning or the new ED-1 incentives. The property is a closed motel with 20 rooms and a management office. The total building area is 4,757 Sq. Ft. on a 12,612 Sq. Ft. lot zoned LAC2. The property is located on the North West corner at the intersection of West 108th St. and Broadway near the 110 Freeway. The property is also accessible by an alley. Please note that the Motel is closed and completely fenced off. Do not walk on property, drive by only!
PROPERTY IS PART OF A CONSERVATORSHIP. THE SALE OF THIS PROPERTY IS SUBJECT TO COURT CONFIRMATION. PROPERTY IS BEING SOLD "AS-IS" "WHERE-IS". SELLER WILL NOT MAKE ANY REPAIRS, ALTERATIONS OR IMPROVEMENTS TO PROPERTY. PROPERTY WILL BE DELIVERED VACANT AND FREE OF ALL PERSONAL PROPERTY. THIS PROPERTY IS ZONED C3 AND WAS USED TO OPERATE A SMALL USED CAR LOT. BUYER TO VERIFY WHAT USAGE TYPE CAN BE ALLOWED. PROPERTY MAY NOT BE ELIGIBLE FOR TRADITIONAL OR COMMERCIAL FINANCING. CASH BUYER PREFERRED.
I am proud to present the Figueroa Flats, a ten unit apartment building located in South Central Los Angeles. With immediate access to the 110 and 105 freeways and numerous metro lines Figueroa Flats are well located and central to everything near Downtown LA, Inglewood, Hawthorne and Gardena. The 10,400 square foot two story building sits on .35 acres and is comprised of (10) Three (3) bedroom Two (2) bathroom units. (10 x 3/2). Each unit is 1040 square feet. The building has benefitted from new exterior remodeling and paint, new roof, new fiberglass walkways and is looking better than ever. 6 of the 10 units are renovated and achieving market rents. Income is strong with only a 13% upside to rents, much of which will be achieved in November 2024. The building is NOT subject to Los Angeles RSO meaning the owner can raise rents 8.8% annually (CPI+5% currently). There is room to add ADUs on the property to increase rental income. There is an assumable $1,453,936 mortgage at 3.29% interest fixed until October 2030. A down payment of approximately $3,039,000 is required and yields a cash on cash return of 7.69% on current rents and 8.19% after November 2024.
SCREAMING DEAL! Income of $3,200 for commercial use of the lot for storage purposes PLUS an additional $2,000 for the lease of a sign at the corner of the lot totaling $62,400 per year! Buy it for its income stream alone or collect income while you entitle it for redevelopment. Almost a 9% cap rate based upon gross income with zero maintenance and management expenses! The sign lease is on a month to month basis and can be increased or terminated at any time. Seller states that the sign has been there for years, used by the same lessee, and the lessee desires to continue to lease it if it is offered to the lessee by the buyer. If desired, the sign can be removed by the buyer at any time in the future but it should not obstruct any development should it remain in place based upon it being located at the very corner of the lot. Lease of the lot terminates on June 30, 2024 but the ownership states they believe the tenant would prefer to renew at expiration. Great opportunity to own a rare flat level lot zoned C3 for commercial and residential uses. Although sold for land value only, there is an existing vacant home on the site but it is considered to be a teardown. Seller had tentative verbal approval for a 6-unit development allowed by right along with a 24-hour post office box business with a great income potential with very limited competition. See the renderings for the proposed building and business. Architect may be available to be hired to continue with the approval process for the proposed development, if desired. Additional photos of another post office box business are included for visualization purposes. Repurpose the property as desired or use it as-is. With new codes, it should allow for both residential and commercial development with a potential for residential low-income bonus developments and ADU's. Easy to build-out with all utilities in place. Both street access and convenient alley access for more development choices and opportunities. Completely fenced, locked, and secure. Property may also be suitable for multi-family residential, single-family dwelling, commercial and/or residential condominium project in addition to a commercial and residential development by right. The restrictive SB-8 may not apply due to the property being commercial. Property is located in Los Angeles but within a small unincorporated pocket under the jurisdiction of the County of Los Angeles. Check with the County and your architect for all details related thereto. Extraordinary opportunity for a large, scarce, flat, unique, and desirable property along a major thoroughfare. Sold in its present condition and "as is". No warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. No court approval necessary. Copies of leases, one now on a month to month basis, are included herein for reference. Because it is being sold for land value only and its income stream, an interior view of the house will only be allowed upon an accepted offer and only if deemed necessary and requested by the buyer because the house is considered to be a teardown. Also, because it is being sold for land value, sign, and its income stream only, drive-by the property at any time and feel free to view it along Vermont and/or the alley at the rear of the property. Also, feel free to view aerial photos readily available on the WWW. Do not disturb occupants. Incredible deal. Make it yours.
This is a recently upgraded building with a long term tenant. Large Lot with plenty of parking. Updated plumbing, kitchen and bathrooms. Zoned LAC2 on Western Ave. Tons of options.
GREAT LOCATION IN KOREA TOWN, BE OWNER OF YOUR BUILDING, STANDARD SALE!! NEAR DOWNTOWN LOS ANGELES. A WELL-MAINTAINED 5-UNIT BUILDING. ALL UNITS HAVE UPDATED BY THE CURRENT SELLER. PLEASE DO NOT DISTURB THE TENANTS. NO EXCEPTIONS! CALL FOR ANY INFORMATION
Attention 1031 exchange funds and astute investors! An unparalleled investment opportunity awaits in the heart of Los Angeles at 198 S Commonwealth Ave, a well maintained building with pride of ownership, updates and upgrades which include, mini split HVAC in some units, updated units, stainless steel appliances. Presenting a prime commercial property in the thriving Wilshire Center district, where cultural diversity and urban vitality intersect. This strategically located asset offers tremendous potential for savvy investors seeking to maximize their 1031 exchange funds. Embrace the dynamic spirit of this bustling neighborhood, where a myriad of shops, eateries, and businesses flourish, ensuring a steady flow of foot traffic and consumer demand.Set your sights on the endless possibilities this property holds. With its proximity to renowned Korean barbecue restaurants, trendy cafes, and specialty stores, capitalize on the vibrant retail landscape that has made this district a sought-after destination for locals and visitors alike. Transportation convenience further enhances the investment appeal. Multiple bus lines and the Wilshire/Vermont Metro station offer seamless connectivity, facilitating easy access for patrons from across the city. This accessibility, coupled with the neighborhood's central location, ensures strong demand and long-term growth potential. 100% Occupied. Rent Control Rent Increase freeze is being lifted in February 2024 with a 4% allowable rental increase. All tenants are on month to month. Historically low to no vacancies. Pictures are from various units in the building from the recent past. SqFt of units is estimated. Drive by only! DO NOT disturb tenants.
We are pleased to present an estimated +/-3,494sf commercial building on +/- 16,055sf of LCC1 zoned land. Located on a lighted intersection with alley access, the property caters itself well to an owner-user, medical user, clinic, veterinarian, 7-Eleven type convenience store, retail, or professional office needing by significant visibility and 25+ parking spaces! As a development site, the corner lot and alley access are primed for a developer to utilize 100% affordable housing incentives to maximize units on the large 16,055sf LCC1 zoned land. With its close proximity to the 110 Freeway, the property is well positioned for any type of investor to take advantage of continued appreciation for years to come. Any Buyer shall complete their own due diligence to determine what the current legal use allowed is for the property. For more information please contact the listing broker.
Located in the heart of Korea-Town, this apartment offers a vibrant urban lifestyle. Close to Downtown LA and USC, with easy access to Freeways 10, 101, and 110. The area boasts trendy clubs, bars, and restaurants. Currently fully occupied with market-rate tenants, yielding a gross rental income of $16,500.
Ideal house in commercial zone on heavy traffic street. Perfect for construction Co, painting, electric, plumbing, etc... 3 parking spaces, storage in the back places, 3 bedroom + 2 bathroom residence. (check with city permit) Recently remodeled, brand new kitchen, new painting. Perfect for business and residence in the same place.
Commercial/Residential Mix Property at the corner of Pico and Hobart Blvd. Two-story building, 2 spaces of retail store on the 1F, Three units of 2 bed+ 2 bath apartment on the 2F. This is the first time in the market in 23 years. Steady tenant and good monthly income.
Great Business Opportunity! Purchase the building with restaurant equipment! Property was a restaurant. An open eating area, counter and serving area, kitchen, bathroom and storage room. Enclosed area behind the property. Come be the newest business owner!
This commercial C2 land plot presents a fantastic development opportunity for potential buyers. Not only is the property being delivered vacant, but it also has the potential to build up to 9 residential units by right. This allows for flexibility and potential for multiple streams of income. Additionally, the property has other potential uses such as a carpenter, plumbing, or sheet metal shop, catering, upholstery, paint shop, tire shop, pet shop, animal boarding, or even a restaurant. Its location is also ideal, being a short drive to the USC campus and close to major freeways such as the 110 and 10. This makes it easily accessible and convenient for both residents and customers. Don't miss out on this fantastic opportunity for development and potential growth.
Incredible opportunity to purchase an updated 4236 square foot creative studio with private offices located on a signalized corner in rapidly growing Glassell Park. The generous main studio space is currently an impressive professional photography studio and event space featuring a 30 ft. by 20 ft. corner cyc wall with a five ft. floor radius, 12ft. ceilings, and an 11 ft. wide drive-in door. Additional features include a rustic-industrial-style conference/lounge room with a wet bar and an adjacent professional hair and makeup room complete with wardrobe setup and a private dressing area. The property is located next door to Habitat Coffee and is just a few blocks from other neighborhood amenities such as Dunsmoor, Bub and Grandma's, The Grant Bar, Verdugo Bar, Kingsize Soundlabs, and the Wife and the Somm. In addition to the main studio, there are six offices of varying sizes, four of which include loft spaces that add to the overall square footage. The updated office spaces include a common area, bathroom, and lobby. Meticulously maintained and thoughtfully upgraded, this building offers countless possibilities for your most creative endeavors
WELCOME TO 4140 EAGLE ROCK BOULEVARD. Multi-Use Property | Multiple Opportunities Perfect, high-visibility, corner location on Eagle Rock Blvd in the centrally-located community of Glassell Park. Previously used as a dance/Pilates studio and event venue space. www.LiveArtsLA.com. This property will be delivered vacant. The main space features a 21-foot tall barrel ceiling with two roll-up doors that lead to the street and to the private, gated yard. Perfect as an outdoor lounge or parking. There are numerous spaces with options for the new owner to earn over $5k per month which will help with cash flow! Don't miss this opportunity to become the proud new steward of this exceptional property.
Nestled on the border of Eagle Rock, Glassell Park, and Highland Park is 4311 Eagle Rock Boulevard: a mixed-use gem offering four 2-bed, 2 bath residential units and 2 commercial spaces, making it the ideal opportunity for an owner-user or investor alike. The street-level commercial spaces boast three large storefront windows that capture the attention of motorists and pedestrians alike and leveraging the continuous flow of traffic along Eagle Rock Boulevard. The versatile floor plan caters to the diverse needs of businesses, offering an opportunity to customize the space to suit your unique requirements. From boutique retail to a trendy caf or a dynamic co-working space, the possibilities are endless. And its close proximity to popular community hotspots within the vibrant neighborhood ensures a steady flow of potential customers. Perched above street-level in a separate two-story building are the 4 residential units that offer a retreat from the hustle and bustle of Eagle Rock Boulevard and provide a sense of exclusivity within this highly desirable neighborhood. Each unit features a townhome-style floor plan, providing residents with a sense of space and privacy. The 2-bedroom, 1-bathroom layout on the second floor ensures a cozy and intimate residential experience, while the ground floor features an open and airy layout with a spacious living room, eat-in kitchen, an additional bathroom, and a private outside patio. Each unit comes with the luxury of 2 off-street parking spaces in the large elevated parking area. This not only ensures the convenience of parking but also adds a layer of security, making residents feel at ease with their vehicles just steps away from their front door. These residential units provide a secure and stable income stream for the owner/user and investor alike. Don't miss this golden opportunity to acquire a mixed-use building in one of Los Angeles' most sought-after neighborhoods. Whether you're looking for a savvy investment or a new business location, this property ticks all the boxes. Act now and make your mark in this stellar location in prime Northeast LA!
Premier industrial development opportunity. Will require a general plan amendment and zone change. Call for more information. Buyer's broker will need to seek their fee from their client.
