$1,689,000
Mixed-use retail/residential spaces. With a total of 2 retail units and 4 studios, this property spans approximately 4,907 SF on a land area of around 3,485 SF. The historical charm of this 1922-built property is complemented by a prime location and a favorable C2 zoning. Current income flows from well-established tenants include Eye Lab and Sign in the retail spaces, with studios generating steady rental revenues. The property's desirable location and potential for increased revenue make it an attractive investment with a current cap rate of 4.6%. Comparable sales in the area highlight the competitive pricing and value offered by this property. For savvy investors seeking a distinctive opportunity in a bustling area of Los Angeles
Listed by Elijah Shin with Dream Realty & Investments Inc (213) 380-8949
Property Type
Commercial Sale
Status
Active
MLS Number
26854897
Year Built
1922
Lot Size
3,576 sq ft
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