REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,895,000
Est. payment | /mo
9,195 Sqft Lot
$ 4,895,000
Est. payment | /mo
9,195 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26985045
HOA Y/N No
Year Built 1905
Lot Size 9,195 Sqft
Property Description
Three (3) contiguous parcels at the signalized intersection of major arteries Main St & Adams Blvd, only 3 blocks from the Lorenzo Apartments one of USC's largest off-campus student housing communities. Consists of a two-story industrial/flex building of 18,200 SF zoned M1, a single-story 4-unit residential apartment zoned R4, and a parking lot zoned R4. All of the tenants are Month-To-Month the in-place NOI is approximately $175,000 with the Buyer's new tax basis. Situated within a federally designated Opportunity Zone, the properties offer compelling potential for redevelopment, value-add repositioning, or owner-user occupancy. Attached is a feasibility study for the two R4 lots on their own, which show a potential for up to 91 units. The assets may be purchased individually or as a combined portfolio, providing flexibility based on a Buyer's investment or development strategy.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAM1
Interior
Fireplace No
Exterior
Total Parking Spaces 16
Others
Tax ID 5128001001
Special Listing Condition Standard
Listed by Joseph Bolognese Saxum West #01966025
Nearby Locations
Making real estate fast, fun, and stress-free!