Los Angeles CA Real Estate & Commercial for Sale

Owner has a "No Further Action" Letter from the Los Angeles Regional Water Quality Control Board (LARWQCB) Property is sold in this "AS IS" condition.

New Pricing! We are pleased to present 2306 W. Slauson Avenue in Los Angeles, an ideal owner-user opportunity for storefront retail or showroom/warehouse use.The property is ideally located on a heavily trafficked corridor which sees over 30,000 cars passing by daily. The building benefits from rear alley access and gated, secured parking. Situated near the sought-after Crenshaw District and Leimert Park, the asset is also just 0.7 mile from the Home Depot anchored retail destination at Slauson and Western. With its two entrances on Slauson, the building could be divided into two separate retail spaces. The current tenant is on a month-to-month basis. Owner-users can obtain up to 90% Small Business Administration (SBA) financing.

Situated in an Opportunity Zone with excellent tax saving potential for investors and owner-users, 4703-4705 Crenshaw Blvd. is an extensively renovated mixed-use storefront retail / residential building in the heart of the Crenshaw District of Los Angeles.The property includes a ground floor retail space of 1,800 SF divided into two units. Each unit benefits from over 15 foot high ceilings, extensive renovations, and has a 350 square foot built-out loft area. Unit 4705 has a loft with interior access, used for additional retail storage, or office use, while Unit 4703 has a 350 square foot loft built-out as a residential studio apartment unit with exterior access via a recently rebuilt wooden staircase. Unit 4705 is used for clothing retail sales, on a month-to-month lease. With its rear exterior access, the studio apartment loft above unit 4703 has the option to be leased out separately. Unit 4705 is vacant. On-site parking of 6 spaces is available at the rear (west) side of the building with secured, gated, alleyway access. The building is wood frame & stucco with a flat roof design. Crenshaw is a historically rich neighborhood that has established itself as an axis of culture, politics, and the arts, specifically within the African American community. Its central location, equidistant from the West Side, Downtown L.A., and Hollywood, makes it a crossroads for the Los Angeles scene. Recently, there have been a spate of large mixed-use development projects within a one mile radius of the subject property, including the Crenshaw Lofts, a 195 unit project in development immediately next door. An owner-user can obtain up to 90% Small Business Administration (SBA) Financing.

Are you geared up for an outstanding opportunity to acquire a 4-unit building that produces consistent cash flow, presenting promising avenues for expansion? Monthly Pro Forma Rent is $6,600 with a cap rate of 5.14%. Additionally, featuring 8 uncovered parking spaces in the back and additional parking across the street at the county library, it operates seamlessly like a finely tuned mechanism. Take swift action, as this opportunity is passing and will soon be gone.

The current business is a well - appointed day program. The environment is a classroom setting which is beautifully painted and decorated. This building has a multitude of uses.

This is a mixed use property combining residential and commercial units. This used to be a 4 unit building but it was converted into 5 units by making one of the bottom units into 2 units. It sits on a corner lot and very centrally located. This can be an income producing property for the next owner for many years to come.

This property is being sold for land value only. Can be sold alone or together with two other lots 4924 and 4928 Crenshaw Blvd, for a total of 22854 square foot for ($5.700,000 ) Zoning LAC2. Can accommodate up to 85 apartment units, Can also be a mixed-use development. Located in a special opportunity zoning area of Los Angeles with tremendous tax benefits for private long-term investments. Brokers, Investors do your research.Your GoalsAbout UsSolutionsInsightsQualified Opportunity Zones: What Investors Should KnowOctober 2022 Print ShareFacebookTwitterskyscapper buildings and blue skyKey takeaways:The 2017 Tax Cuts and Jobs Act established the Qualified Opportunity Zone program to provide a tax incentive for private, long-term investment in economically distressed communities.Investors in these programs are given an opportunity to defer and potentially reduce tax on recognized capital gains.Tax savings are only available when investors retain the investment in the Qualified Opportunity Fund for the time frame stated.What this may mean for you:If you are facing a significant tax liability as a result of capital gains, investing in a Qualified Opportunity Fund may be worth exploring, provided you invest within a prescribed amount of time.What is an Opportunity Zone?An Opportunity Zone is a community nominated by the state and certified by the Treasury Department as qualifying for this program. The Treasury Department has certified zones in all 50 states; Washington, D.C.; and U.S. territories.1 A list can be found at the U.S. Department of Housing and Urban Development.How does this program work?To defer a capital gain (including net 1231 gains), a taxpayer has 180 days from the date of the sale or exchange of appreciated property to invest the realized capital gain dollars into a Qualified Opportunity Fund, an investment vehicle that files either a partnership or corporate federal income tax return and is organized for the purpose of investing in Qualified Opportunity. The fund then invests in Qualified Opportunity Zone property.The taxpayer may invest the return of principal as well as the recognized capital gain, but only the portion of the investment attributable to the capital gain will be eligible for the exemption from tax on further appreciation of the Opportunity Zone investment, as explained below. The Opportunity Zone program allows for the sale of any appreciated assets, such as stocks, with a reinvestment of the gain into a Qualified Opportunity Fund. There is no requirement to invest in a like-kind property to defer the gain.Note that a taxpayer who receives a reported capital gain from a flow-through entity, such as a partnership, an S-corporation, or a trust/estate, has the option to start the 180 day investment period on any of the following dates:the last day of the entity taxable year;the same date that the entity's 180 day period begins; orthe due date for the entity's tax return, without extensions, for the taxable year in which the entity realized the eligible gain. Qualified Opportunity Fund A Qualified Opportunity Fund is any investment vehicle that is organized as a corporation or a partnership for the purpose of investing in Qualified Opportunity Zone property (other than another Qualified Opportunity Fund) that holds at least 90% of its assets in Qualified Opportunity Zone property.Similar to other investments, an investment in a Qualified Opportunity Fund may increase or decrease in value over the holding period. In addition, income may be paid on this investment. Given that the purpose of the program is to improve particular areas, it is expected that the fund will continue to invest in the improvement of the property in which it is invested. Cash flow may occur once the property improvements are complete and the property is leased or sold to third parties.Because Qualified Opportunity Funds are income tax planning tools and are investment options for taxpayers, these investments may involve ris