Situated at the signalized corner of Lorena Street and East 4th Street in the dense pocket of the Boyle Heights, the subject property was being used as a 3 bedroom and 2 bath Single Family house for 20+ years (delivered empty no later than 4/30/24). However, all the Certificate(s) of Occupancy, since it was constructed only allow for commercial uses. Prior to its residential dwelling use it was a Cafe and a Store location. The property is situated in a State Enterprise Zone which reduces the parking requirements to: 2 spaces for every 1,000 SF. More specifically, this would be the new parking requirement for Medical/Dental and Restaurant (take-out/sit-down) uses. The property will be vacant April 30th. City Attorney is requiring the subject to be converted back to its original use. SBA and Conventional loans will finance at 85% to 90% loan-to-value, plus finance all Tenant Improvements for an Owner-User Buyer to capitalize.
Great opportunity to own a rare and vacant church. Remodel it for use or repurpose it as desired. Sold for land value only making it a great deal. With new codes, the property also affords an opportunity for redevelopment to a residential income property with tremendous residential density bonuses. R-4 zoning plus TOC Tier 1, low income housing bonuses, and ADU laws, would allow for an excellent opportunity to build a large multi-family residential project. With both street frontage and alley access along the whole side of the property, makes it more conducive for various development choices and opportunities. Perhaps a 12 unit condo project with 12 separate private tandem 2 car garages with access along the alley? Check with the city and your architect and explore the myriad of opportunities this great property offers and for all the details related to redeveloping it to its highest and best use with the greatest density allowable with all bonuses and things considered. A new law, signed by Gov. Gavin Newsom, rezones land owned by religious institutions, such as churches, mosques, and synagogues, to allow for affordable housing. Starting in 2024, they can bypass most local permitting and environmental review rules that can be costly and lengthy. See SB 4. Extraordinary opportunity for a scarce, unique, and desirable property along a major thoroughfare for high density development. Sold in its present "as is" condition. 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. Property will be delivered tenant free at close of escrow. Because it is being sold for land value only, go directly to the property at any time and view it from the street and alley. Do not enter the property or disturb the tenant. Interior of property will be shown only with proof of funds provided along with loan pre-approval letter or letter of credit if financing is needed. If being purchased for church purposes, the buyer must have adequate funds/financing for both purchase and rehab.
Excellent investment opportunity to have a stunning Six Unit Apartment with the Income of $8,899/month in the prime location of Los Angeles Downtown area. This gorgeous apartment consists of 2 separate buildings with 3 units of 2bed/1bath and 3 units of 1bed/1bath. It features well maintained buildings, safe metal fence, secured metal gate and on-site laundry room. The property is situated on a 12,652 square foot parcel with 10 parking spaces. Each unit has separate gas and electric meters and has individual water heaters. Conveniently located with 5 miles to LADT and 3 miles to USC. Easy access to major Freeways 110 and public transportation. It is to be sold as-is condition. Interior showing is subject to an accepted offer.
"Prime Deevolpment Site" C2 Lot suitable for multi-units, Located on Major Public Transit Corridor. Close to Post Office, Library and Shopping Center. Across from " Carver Middle School". DO NOT DISTURB TENANT.
RTI approved permits for a "Shovel-Ready", non-rent controlled (no low-income requirement / no SB 8), 4-unit multifamily development that will overlook the downtown Los Angeles skyline and is within close walking proximity to the new 6th Street Bridge and P.A.R.C. under construction. Adding greater value, on December 12, 2023, the LA City Council voted to adopt the Boyle Heights Community Plan with rezoning amendments that will allow up to 11 residential units / 6,601.8 buildable sq. ft. at market rates or up to 20 residential units / 13,203.6 buildable sq. ft. with max bonus. In addition, the new zoning allows for the option of mixed-use development with no restriction on building height and the number of residential units will still remain up to 11 market rate units or up to 20 units with max bonus!
Long term lease signed with National Tenant for a long term lease starting at $4,000 a month gross modified with escalations. Tenant plans to rebuild building and subdivide it into two tenancies. Potential for billboard advertising on busy street corner. Additional information provided with a submitted offer. Listing photo is a proposed rendering of the renovated space. All sales must be approved by the Court.
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!
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.
REDUCED! We are proud to exclusively present for sale a free-standing Retail Property with Development Potential, perfect for owner-user, investor, or developer! This prime retail property is situated on a signalized corner on Broadway at 54th Street. The property benefits from tremendous visibility, featuring 50 feet of frontage on Broadway and 130 feet on 54th St. The property is currently owner-occupied and will be delivered vacant at the close of escrow. The property is currently operating as a Marijuana Dispensary. The site is perfectly suited for an Owner-User and seems well situated for the possibility of housing a Marijuana Dispensary or other Marijuana Use. The property's generous parking provisions is comprised of 9 side-by-side parking spaces, (including one accessible space) as well as a tandem space that can accommodate up to 3 vehicles. The owner has invested in significant capital improvements as the property has undergone thoughtful updates over the years, including the installation of newer windows, electrical system enhancements, and a completely paid-off Solar Panel System. The C2-1VL- CPIO Tier 2 zoning designation and is ED1 Eligible allows for potential development of up to 28 +/- Units, which would translate to just around $36K per door, making the site perfect for Low Income Housing. The property has easy access to the 110 freeway, a Very Walkable designation by Walk Score and lots of restaurants and retail in the area. The building features roll-down doors, protected windows and gated parking, ensuring both safety and convenience for its future occupants.
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.
The subject property is a mixed-use retail and residential building sitting at 7,500 SF on an estimated 5,617 SF lot. 5314 S Broadway currently consists of two (2) ground level retail storefronts and two (2) residential units located on the second floor. Additionally, in the rear of the building sits a detached structure that is used for storage/parking. With 75% of the building currently vacant, this presents an excellent opportunity for investors seeking over a 7% pro forma cap rate. Immediate market rents can be attained for both the retail and residential units. Furthermore, this offering is well-suited for owner-users interested in leveraging SBA financing, requiring as little as a 10% down! An owner-user has the option to occupy 51% of the premises while leasing out the remaining space for supplemental income.*Per title, building square footage is 5,869. Buyer to perform own due diligence and verify all information.
Commercial Lot with Office Space. This property offers an excellent opportunity for commercial ventures with existing 187 sqft office space. Boasting a spacious lot size of 7,540 square feet, this property provides ample space for various commercial uses.
Located on corner of Jefferson Blvd and Trinity St. 2 Building in a lot. Main building 3,770 sf and detached building 940 sf. Great for Manufacturing/Warehouse/Industrial. Private, Paved and Fenced, Automatic Gated Parking Lot Space for 6+ Cars. Loading:1 Ground level Idea for Printing Plant/ Machine shops /Sewing Factory/Garment Manufacturing .......... Highpower 240V/3 PHASE/400A
1605 E 1st St is a fully renovated turnkey creative office/art studio space in Downtown LA. The building offers a generous building-to-land ratio for DTLA standards, 3,698 square foot building sitting on 6,908 square feet of land. The building underwent a full remodel totaling over $700,000 recently, making it an elegant turnkey space for an Owner User. Its extensive tenant improvement facelift was completed just prior the exponential and dramatic costs of materials. The high-end renovations included: new electrical, plumbing, HVAC, roof, alarm system, skylights, ramp/handrail, electric gate, windows/doors, bathroom and light fixtures, exterior lighting, and a custom kitchen installation. The property features two private offices, a spacious conference room, a ventilated art studio, two bathrooms, storage, a 10'x10' roll up door, and gated parking with a total of seven spaces. With its versatile layout, the subject property is ideal for a wide range of artistic Owner-Users seeking an adaptable workspace.
Great opportunity to own a rare and empty former theatre that was converted to a church. Repurpose it as desired or use it as-is. With new codes, the property also affords an opportunity for redevelopment to residential/commercial purposes with residential density bonuses. Check with the city and your architect for all details related thereto. This just in: New law, signed by Gov. Gavin Newsom, rezones land owned by nonprofit colleges and religious institutions, such as churches, mosques, and synagogues, to allow for affordable housing. Starting in 2024, they can bypass most local permitting and environmental review rules that can be costly and lengthy. See SB 4. With its high ceilings and expansive clear and open area, the property could be perfect for warehousing, storage space, distribution center, etc. all in a central convenient area. There is a double doorway in the rear at grade providing easy forklift access. Extraordinary opportunity for a large scarce, unique, and desirable property along a major thoroughfare. Property is vacant for immediate occupancy by new ownership or its desired tenants. Unpaved on-site parking area at the rear off of the alley. Trust owned and vacant for years so no other information is available including any historical income and expenses. Sold in its present "as is" condition. 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.
This large commercial condo unit in LA Face Mart is 1,562 sf on the 3rd floor that could be used as retail, office, or warehouse space. There is a guard for 24 hours, parking, elevators, with central air. Center is a meticulously maintained three-story retail shopping destination nestled in the bustling heart of the Fashion District, a highly sought-after area in LA. There are nearly 300,000 sf of indoor space with 205 units. Boasting superb visibility and ample parking, this property is conveniently located just block away from the 10 Freeway and mere minutes from Downtown LA's vibrant culinary scene, diverse shops, and essential amenities. Current Tenant is on month to month basis, will be delivered vacant.
This presents the perfect opportunity to invest in a consistent 4-unit property, including 2 storefronts and 2 apartments, security gated custom rod iron, all generating steady cash flow with growth potential. Monthly Pro Forma Rent is $9,108 with a 5.34% Pro Forma Cap rate. Additionally, featuring 4 uncovered parking spaces and situated on a corner lot for Maple, this property offers convenience and accessibility. Located in a burgeoning area with USC and BMO Stadium nearby, the potential for growth is evident. Don't let this fantastic opportunity slip away from you.
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.
5,250 SF multi-use, centrally-located property available for sale. The property consists of two adjoined buildings (front 3,000 SF & rear 2,250 SF) that is currently configured for single-tenant occupancy, but is easily divisible into four retail/industrial units, presenting a compelling opportunity to both the owner/user and investor. With 3 front entrances, 3 addresses, 3 restrooms, and 3 electrical panels, the front building is divisible into three 1,000 SF retail or industrial units. The northerly unit has been demised accordingly. Openings are in place which provide access to the rear, 2,250 SF concrete block industrial building, the rear loading area, and the rear yard. Efficient as both a single-user or multi-tenant facility, a buyer can occupy all or part, providing both built-in expansion capability and rental income. Located in a bustling, rapidly improving area, it also provides a compelling repositioning and value-add opportunity. Located less than a mile from USC, Bank of California Stadium, the Los Angeles Memorial Coliseum, and the Metro Silver and Expo Line stations, and seconds from the I-110 on/off ramps at MLK Blvd., the central, the property has major boulevard exposure with a traffic count of over 22,000 cars per day. The Opportunity Zone location also provides massive tax incentives.*Industrial uses subject to C2 zoning permitted uses buyer to independently verify.
An excellent chance awaits to invest in an 8-unit property comprising 2 storefronts and 6 apartments, each offering consistent cash flow and promising growth prospects. Additionally, the property features 5 parking spots - 4 uncovered and 1 covered. Situated close to White Memorial Hospital, USC Health Services, Dodger Stadium, and Chinatown, this property benefits from steady drive-by traffic for its storefront units. Seize this opportunity for immediate cash flow, as it's expected to be snapped up quickly. Monthly Pro Forma Rent $15,000, with a 7.97% Pro Forma Cap rate.
Opportunity to own a Turn Key Authentic Izakaya Restaurant in the heart of Arts District in Los Angeles. Exudes vibrant tastes and flavors of Tokyo in your very own backyard. Crafted by the top restaurateurs in Tokyo, who collectively own over 200 esteemed restaurants, TABERU brings you a menu inspired by the bustling streets of Japan's capital city. Conveniently located next to Kreation on Traction Avenue, TABERU offers patio dining for al fresco enjoyment and valet parking for added convenience for patrons. Don't miss this opportunity to provide a once in a lifetime experience to the vibrant community of Los Angeles. Over $700,000 in Tenant Improvements less than 1 1/2 years old. Favorable Long Lease Term with options to extend.
IT IS A GREAT BUILDING TO BUID A MIXED USED THE AREA EXPANED A LOT AREAL CITY ROAD PASSING ON WASHINGTON BLVD. GOEING TO LONG BEACH AND EAST AND WEST A FEW BLOCK FROM USC university a block away from Faction District of millions transaction per day and Flower district and jewelry district all culture business people above all there is anything you need for your business in this area above all the labor availability is great at your just phone call can run the business great. close to 4 major FREEE WAY north, south, east, west, LAX AIRPORT OR BURBANK AIRPORT OR ORANGE COUNTY AIRPORT. MOCH MORE PLEASE CALL FOR MORE INFO.
