Property used/zoned as 3 residential units, with a storefront. Most recent use was a Church. Can be easily converted back to 3 units for residential rental income. Best use can be store/Business front. with residental units. The property is a probate but does not require Court confirmation. Property has some newer electrical.
"We are in search of a skilled individual to revitalize a convenience store that provides meat, produce, and off-sale beer and wine. The current management lacks experience. The asking price includes both the building and the business, along with an ABC license, alleviating any worries about leasing."
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.
Partners CRE are proud to present for sale a perfect Owner-User opportunity in the El Salvador Community Corridor of Pico Union.Walk Score calls this area a Walker's Paradise with Good Transit and Very Bikeable. The property is perfectly situated to run a business with great street exposure and alley access.Zoned C2-2D-CPIO Tier 3, the building features 1,573 SF of space with a 350 SF parking area in back, with a gate to the alley.The densely populated community is the first and most important step for the success of most businesses! This ideal location allows for instant storefront exposure that will lead curious neighbors to become regular patrons! Do not miss out on instant exposure and a ready-built customer base!
Coldwell Banker Commercial is pleased to present this unique investment opportunity in the heart of South Gate. VACANT Retail building approximately 7,523 SF. nestled on approximately 11,489 SF. lot. Excellent frontage boasting approximately 90 feet along Tweedy Blvd., one of the busiest streets in South Gate. This offering is ideal for owner user or investors seeking a property in a densely populated neighborhood. Surrounded by successful national and regional tenants.
This property consists of two parcels, next to each other. Both parcels sold in one sale. Parcel 6069-012-006 includes two buildings at 1786 E. 110th St, units 1-4 (1 bedroom each), and two detached houses at 11008 and 11010 (2 bedroms each). Lot size is 14,019. Parcel 6069-012-007 includes two detached houses at 11012 and 11014 (1 bedroom in front and 2 bedroom in rear). Lot size is 5,131.12. These two parcels include a sizeable amount of land for renovation or new build, and there is lots of potential. There was a Los Angeles Code Enforcement inspection a few months ago and all passed the inspection by ensuring all health and safety issues are up to code. There was a substantial amount of expenses for repairs as required for the City, which increased the expenses for these properties in 2023. Most of the tenants are long term and have lived at the property for over 15-20 years. There was a 4% rent increase as authorized by City of Los Angeles effective March 2024.
Excellent investment opportunity located in the popular East LA neighborhood, close to Montebello. This gated fourplex consists of four spacious 2-bed/1-bath units, currently all occupied by tenants. The carport in the back offers safe & convenient off street parking. Property has great potential. There is easy access to freeways, and Downtown is only minutes away.
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!
PRICE REDUCTION! Great opportunity for owner/user! Mixed use property with two commercial retail units in front and a Single Family Residence towards the back of the property. Tenants are currently month to month. The recently remodeled barber shop is leased for $950/mo. The Single Family Residence is leased for $1,250/mo and is in need of cosmetic repairs but has the potential for an ADU. The restaurant is currently vacant and has been recently remodeled with all new restaurant equipment for a takeout style food service operation. The new owner could operate his fast food business from the facility or lease it turnkey to a restaurant owner. Per ZIMAS the lot is Tier 3 TOC which gives the property development potential for the future as the property is in close proximity to the necessary Transit resources enabling greater density if developing affordable residential housing. Motivated Seller! **Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.**
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
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
Welcome to this exceptional mixed-use property nestled in the vibrant live/work space offering an amazing opportunity for both commercial and residential endeavors. Seamlessly integrating commercial and residential spaces, this property presents endless possibilities for investors or owner-occupiers alike, making it perfect for live-work space. Commercial Space (1st Unit):Step into a spacious 1150 SqFt area primed for diverse business ventures.Featuring a full bathroom for customer convenience or employee needs.Perfectly suited for retail, office use, or professional services, maximizing its commercial potential. Residential Units:Unit (A) - Upstairs:Experience a charming 2-bedroom, 1-bathroom layout spanning 1150 SqFt. Complete with a well-appointed kitchen, inviting living room, and cozy dining area. Crafting a comfortable living space, ideal for relaxation or entertainment.Unit (B) - Downstairs:Discover another delightful 2-bedroom, 1-bathroom layout, also 650 SqFt in size.Offering a spacious living area, well-equipped kitchen, and welcoming dining room.Versatile in design, suitable for residential living or as additional commercial space. (You can combine the two downstairs units into one and make it 1300sqft). Additional Features:Convenient detached 1 car garage & accommodating 2-3 vehicle parking spots, enhancing accessibility.Separate entrances for each unit ensure privacy and seamless access.Back alley entrance adds further convenience and ease of use.Recently installed brand new roof guarantees long-term durability and peace of mind. Prime Location:Strategically positioned on a prime street adjacent to the LA Metro and various commercial retail hubs.Enjoying high visibility and foot traffic, perfect for business endeavors.Additionally, seize the opportunity to rent the sign above, further enhancing visibility and advertising potential.Close proximity to amenities, dining options, and public transportation, enhancing convenience.This remarkable property presents a rare opportunity to own a flexible space in a coveted location. Whether you seek a lucrative investment, a residence with the added bonus of a home-based business, or a perfect live-work space, this property delivers. Don't miss out on claiming this gem for yourself - schedule a viewing today!
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.
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.
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.
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.
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.
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!
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.
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.
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.
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.
