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$ 1,150,000
Est. payment | /mo
4,310 SqFt
$ 1,150,000
Est. payment | /mo
4,310 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 4,310 sqft
Price per Sqft $266
MLS Listing ID CL24461667
HOA Y/N No
Year Built 1922
Lot Size 0.309 Acres
Acres 0.31
Property Sub-Type Comm Ind For Sale
Property Description
Truly the opportunity of a lifetime! This 13,503 sq ft property, 1438 - 1444 W 25th St, is zoned R4 with three current structures and is in an HPOZ (Historic Preservation Overlay Zone. Built in 1922, there are five 2 bedroom / 1 bathroom units, four of which are currently occupied. Additional conveniences include 9 parking spots and a shed for 2 units. The property is subject to Los Angeles Rent Stabilization Ordinance, with rents currently totaling $4,458.48, and the seller would prefer to transfer the property occupied. Current units range in rents from $967.20 to $1,263.60 per month, with the recommended market value of the vacant fifth unit being $1,750 - $1,900. Located near USC, this property is both income generating and developable. The current buildings are in need of extensive repairs - inquire for more detailed information. Broker and Brokers Representatives are not responsible for accuracy of any information. Buyer to do own investigation including but not limited to zoning information, building requirements, condition of property etc.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Fireplace No
Exterior
Total Parking Spaces 9
Building
New Construction No
Others
Tax ID 5054027019
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Listed by Cynthia Wexler • Wexler Corporation
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