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$ 1,150,000
Est. payment | /mo
0.31 Acres Lot
$ 1,150,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 24461667
HOA Y/N No
Year Built 1922
Lot Size 0.309 Acres
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
Area C16 - Mid Los Angeles
Zoning LAR4
Interior
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 9
Building
Lot Description Back Yard, Front Yard, Street Level, Value In Land
Others
Tax ID 5054027019
Security Features Gated Community
Special Listing Condition Standard
Listed by Cynthia Wexler • Wexler Corporation