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This is a great opportunity to acquire a commercial property (Mexican Restaurant) with 2 residential units in the heart of the Echo Park area. It is located on Alvarado Blvd. nearby Sunset Blvd. This property is also located in the PROPOSED mixed-use zoning(Buyer must verify zoning details with the City).Heavy daily traffic at a big street cornerlot 7561 sq ft.
Your opportunity to take over an excellent investment. Planning has been approved for up to 14 apartments and building permit is expected in 4 months. Echo Park is Ranked a Top Neighborhood in Los Angeles by EaterLa, Thrilist, Goop, Niche, Loney Planet and New York Times . Walking distance to park and Dodger Stadium. Downtown View.
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
Nestled in the vibrant and trendy neighborhood of Silver Lake with its hip and artistic atmosphere, this amazing opportunity multi-use property is priced to sell. With its prime location and convenience, currently utilized as an artist studio, it features a separate gathering area with a wood-burning, brick fireplace, kitchen, two 1/2 bathrooms, basement, and an additional large attic space. The main room could be an ideal showroom, gallery, classroom, theater, or let your imagination go! Wide open flexible floor plan has great versatility. The property also includes a large parking lot with 17 spaces. The desirable Silver Lake district is known for its vibrant community and proximity to popular attractions like Elysian Park, Dodger Stadium, and Griffith Park. A stone's throw away from renowned restaurants, cafes, and boutiques, including popular spots like Bacari, Botanica, Burgers Never Say Die, and Fred 62. With easy access to the city, commuting is a breeze near schools, shopping centers, and public transportation. Do Not Rely on 311 as they have incomplete information. Schedule LA Planning appt here: https://appointments.lacity.org/apptsys/Public/Account
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.
Property is being sold as is with tenants for land value only. The property has LAMR1 Zoning which may allow for Light Manufacturing uses. Please check with city as agent or owner do not make any representations. The property and its neighboring property are sandwiched between a 7/11 and the fire department station. This property has a great opportunity to be developed into many light manufacturing uses. The LAMR1 Zone is rear in that part of LA as it sits smack in the middle of everything. Think may be a commercial kitchen, a laboratory, or other potential uses.
This mixed-use property in the heart of Chinatown features two retail units, each approximately 2,000 square feet, and a spacious residential dwelling of 2,400 square feet. Located on a major traffic artery near the 110 freeway, this prime location offers excellent visibility and foot traffic. The north-facing orientation of the property attracts even more visitors, making it ideal for a variety of retail businesses, professional offices, or medical facilities. To maximize rental income, the residential dwelling can be converted into three rental units consisting of one 2-bed/2-bath unit and two 1-bed/1-bath units.The property is also within close proximity to many of Los Angeles' most popular cultural attractions, including Dodger Stadium (1 minute away), Walt Disney Concert Hall (5 minutes away), and MOCA (10 minutes away). This makes the residential unit a highly desirable place to live, offering residents the opportunity to experience the best of what LA has to offer.Movie buffs will be excited to learn that the property is located next door to the filming location of the iconic scene in Rush Hour where Jackie Chan and Chris Tucker were tricked into going to Foo Chow restaurant to meet the international mob boss Juntao. However, Juntao was not actually at the restaurant, and Chan and Tucker must fight their way out.This property offers a unique opportunity to own a valuable asset in a thriving and vibrant neighborhood. With its prime location, flexible retail and residential spaces, and proximity to major attractions, this property is sure to appeal to a wide range of investors and business owners.
Welcome to 4205 Santa Monica, a truly exceptional commercial property located in the heart of Silver Lake, designed to cater to the needs of the creative or entertainment industry. This sleek and modern, stand alone office offers 3,466 sqft of office space. Immerse yourself in this designer two-story gem, meticulously crafted to inspire. With its exquisite features and attention to detail, this space has natural light cascading through the expansive windows. There is a state-of-the-art 12-seat theater with theater grade projector, seven private offices, a convertible conference room, fully equipped kitchen, common lounge space, three private bathrooms and a dedicated reception area. With its thriving culinary scene, artistic ambiance, charming local businesses, and convenient amenities, the Silver Lake neighborhood surrounding 4205 Santa Monica Blvd is just steps away from heavily traveled Sunset Junction. Walking distance to Erewhon market and Silver Lake Pool and Inn, many more restaurants and shops. This property is an incredible opportunity for anyone looking to purchase in one of the hottest areas in Los Angeles.
252 S New Hampshire Ave represents an opportunity to purchase a largely renovated and repositioned asset in the heart of Koreatown. Twelve of the nineteen units have been upgraded with modern features and amenities, leaving approximately 30% upside in rental income. The buyer may also capture additional upside by maximizing operational efficiencies with the implementation RUBS, charging for parking, and the possibility of adding ADU(s). The nineteen-unit courtyard-style walkup sits on a large 15,000 sq.ft. double lot just north of 3rd Street. The unit mix of (18) one-bedrooms and (1) studio is a great mix for this location and commensurate with the Koreatown tenant base that has a median age of 30. There are approximately 19 parking spaces, consisting of 10 tuck-under spaces and 9 uncovered spaces in the front lot. The unit interiors have been upgraded with efficient stainless-steel appliances; five-burner gas range; hardwood-style flooring; A/C; dishwasher; wood-style blinds; quartz countertops; duel-paned windows; and new bathroom vanities and tubs. The common area amenities include a beautifully landscaped courtyard and laundry room. The building is separately metered for both electric and gas utilities. Additionally, the building has new exterior paint, upgraded electrical systems, predominantly upgraded copper plumbing, and new asphalt slurry.
Exceptional Standalone Commercial Building ! This building has two front entries, buyer can use complete building or rent one side and use the other for personal business. Currently used as a Art Gallery and CAFE. Hardwood floors and vaulted ceiling beams through out the building are so captivating. The relaxing seating Oasis at the rear of the property is perfect for clients to sit outside and enjoy a perfect business meeting. Impeccable landscaped surrounding. This building is perfect for Retail, Offices, Storefront, Coffee Shop, etc.....
Introducing 2233 Riverdale Avenue - a prime 8-unit multifamily investment opportunity in the heart of Los Angeles! Nestled in Frogtown, around the corner from Silver Lake, this remarkable building is poised to deliver immediate returns for the savvy investor. The property has undergone a comprehensive renovation (including new electrical systems, plumbing, and roof) and now offers the perfect blend of modern comfort and unmatched location.Each of the eight units offers an inviting and comfortable living space, appealing to a wide range of tenants. The thoughtfully designed floor plans provide an efficient use of space for residents to relax and unwind. The modern finishes incorporated into each unit contribute to an elevated living experience, ensuring high tenant satisfaction and long-term occupancy. Additionally, the property features desirable amenities like secure gated entry and parking, central air conditioning, in-unit laundry, and an electric vehicle charger, further enhancing its appeal and marketability. With an incoming cap rate of nearly 5% and low operating costs bolstered by the recent renovations, buyers can enjoy peace of mind and steady revenue generated by this extremely low-maintenance building. Moreover, with an impending approval for a Tenancy in Common (TIC) structure, the potential for the individual sale of units (like condos) unlocks incredible future value and potential returns! With the demand for housing in Los Angeles higher than ever before, this forthcoming approval makes the property an even more enticing investment.With its strategic location, updated infrastructure, impressive revenue potential, and low-maintenance nature, 2233 Riverdale is poised to deliver exceptional returns for savvy investors. Don't miss out on this chance to acquire a turnkey investment with significant income and upside potential in one of Los Angeles' most desirable areas!
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.
We are pleased to present a 9,986 square foot nearly RTI redevelopment site for re-design located at 4541-4545 Santa Monica Boulevard in Los Angeles, California. The subject property is situated in a prime Virgil Village location two (2) blocks away from Silver Lake, west of Virgil Avenue and north of Santa Monica Boulevard. This offering is positioned on two (2) parcels totaling 9,986 square feet (SF) of land with a zoning ordinance of LAC2-1D where the D suffix is a limitation to the buildable area of the lot, and for conformance to the Vermont/Western Station Neighborhood Area Plan (SNAP). The project is offered with plans that are nearly RTI (to re-design if desired) for a five-story luxury mixed-use redevelopment. Tier 3 TOC allows the current plans to feature twenty-three (23) total units. Additionally, the TOC bonus incentives allow for a 72ft height limit, an increase to the transitional height, a reduction to open space, and a front step back height increase. The current plans include three (3) commercial use spaces on the ground level and the second floor. Twenty-three (23) parking spaces are planned for the residential units in a subterranean gated garage, and nine (9) parking spaces are planned for the commercial units on the ground level. The project boasts numerous luxury amenities such as a two-story gym, open space patio, two (2) lobbies, bicycle parking, a public theater space, a conference room, roof decks, a pool, and more. With TOC incentives, a developer has the option to modify the RTI plans and build up to forty-three (43) residential units. Positioned in a prime Virgil Village location two (2) blocks away from Silver Lake, this offering presents a rare opportunity for an astute developer to capitalize on re-designing a nearly RTI project for a luxury mixed-use redevelopment.
This 10 unit multi family property is located in the heart of Los Angeles and is walking distance from MacArthur Park. The complex offers its tenants plenty of retail shopping and entertainment access like the LA Live, Exposition Park, The Grove, Korea Town and the rest of Down Town Los Angeles. The property also has great access to major freeways like the 110Freeway and the 10 Freeway.4.4% actual cap rate.This property is drive by only and buyer to cooperate with seller's 1031 exchange.Property has a total monthly rent of $9,750.00.
This successful Mechanic Body Shop is being run at this same location for 20 years . This is a top commercial area , 3 blocks from Korea Town and 5 blocks from Wilshire Blvd, close to the 101 and to the 2 Freeways.This is a very well known business and has lots of potential . It's being sold with equipment ,tools required for this type of business , office desks and office chairs are included .This business generates a super attractive monthly income.If you are looking for a successful business to run , this is the one for you !
Corner lot of Beverly Blvd and Alexandria,Lot size 11,986 sf, Currently 4 tenants, Good location to develop!!!
Build your new property. Currently 2 Units in this lot. 1 Unit on the first floor has 3 bed/1 bath, a totally separated studio unit on the 2nd floor with 1bed/1bath. You can just tear it down and build 4 units new home. The floor plan of this new five level building has five suites on each floor (from 2nd floor to 5th floor) and parking garage on the ground floor. Nice location in Korean Town. Just minutes to Down Town and Hollywood. Easy access to the 101 Fwy. Excellent Investment! Don't miss this nice home!!
Perfect live-work space in the Downtown Los Angeles market within a few blocks to Staples Center. The property consists of a ground level office space along with a 2nd story loft. Both units have their own entrance and generate income on their own. The loft space has been updated with high end fixtures along with a number of amenities that the property has to offer.
Opportunity to owner/occupy creative office space or develop land. Two Parcels Totaling 17,175 SF of Land. Building Measures 7,037 SF. Zoned LAUV. TOC Tier 1. Located in CASP. Located in Opportunity Zone.
Nestled in the vibrant neighborhood of Lincoln Heights, this captivating mixed-use income property unveils a unique opportunity for investors. Its ground floor boasts a bustling neighborhood market and liquor store, drawing in locals and visitors alike. Above, FOUR 1 Bedroom AND 1 Bathroom Apartments offer cozy retreats, while a charming 832 square feet 2 Bedroom and 1 Bathroom house at the rear provides a serene escape from the urban bustle. Surrounded by Lincoln Heights's energy and easy access to the freeway, the property is ideally situated for both commercial and residential endeavors. With Low Month to Month Lease APT Units can be a promising investment opportunity with significant potential upside for future development and growth. Investors keen on tapping into the dynamic real estate landscape of Los Angeles will find this type of PROPERTY compelling, offering short and long-term value appreciation.
One Existing Automotive Tenants Gross Rent $5,000. High Walk Score of 89; Nearby Jobs, Retail, and Entertainment. Completed Phase 2. APN: 5521-031-022 | Zoning C2-1 | TOC Tier 2. List Price: $2,700,000
Welcome to 1359 Hope St - an exceptional investment opportunity in the vibrant heart of Los Angeles. This industrial Live/Work building presents a remarkable 6% capitalization rate, making it a solid addition to your portfolio.Property Highlights: Address: 1359 Hope St, Los Angeles Cap Rate: 6% Bedrooms: 2 Bathrooms: 3Not too far from the renowned Crypto Arena, this property offers unparalleled convenience and access to the pulse of modern innovation. The surrounding area is alive with energy, attracting a dynamic mix of residents, entrepreneurs, and forward-thinkers.Currently housing a successful Jean Manufacturing Business, this building is uniquely zoned R5, providing a diverse array of permitted uses. Whether you envision a creative workspace, an artist's studio, a tech hub, or a trendsetting retail establishment, this property is poised to accommodate your vision.Key Features: Spacious 2-bedroom, 3-bathroom layout Prime industrial Live/Work space Proximity to Crypto Arena - an emerging epicenter of technology and innovation R5 zoning for a wide spectrum of potential usesUnlock the potential of 1359 Hope St and seize the opportunity to capitalize on the thriving ecosystem of Los Angeles. This property encapsulates the essence of urban living, blending innovation and versatility in an unbeatable location.
Incredible and rare opportunity to acquire income property in a highly sought-after neighborhood. Cypress Park, named one of LA's hottest real estate neighborhoods by The LA Times and LA Weekly. Every unit within this five-unit property has its unique style and character. The front 2-bedroom, 1-bath home is spacious, quaint, and offers a sense of privacy. Surrounded by manicured gardens and separate fencing, it creates a tranquil and independent residence. The remaining four units consist of two separate duplexes, all featuring one-bedroom, one-bath units. Every unit is comfortable and comes with its own front porch and rear access. Step outside to find cozy sitting areas and shady trees with paths that lead you around the property. All units are well-maintained, providing residents with a clean and functional living experience. Each unit is also individually metered for gas and electricity, ensuring efficiency in operating costs. The generously sized lot of 10,401 sq ft offers countless possibilities for developers or investors focused on long-term returns. The backyard includes a detached outbuilding that could be converted into additional living space, presenting great potential to increase the property's value (Buyer to verify with the City of LABS for feasibility). These units are located in a high-demand rental area and have significant upside rent potential. Beyond the property, residents can explore the thriving neighborhood with great shops like Golden Poppy Market, Loquat Coffee, or tasty originals like the first-ever King Taco! Nearby is Rio de Los Angeles State Park with easy access to the LA River Bike Path. Whether you're an artist, a food enthusiast, or someone who appreciates a lively community, this property invites you to experience the best of it all. Located close to public transportation, Downtown Los Angeles, and Dodger Stadium. Come envision the untapped potential of this remarkable investment property!
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