Property listed by Keller Williams Beverly Hills, Shahram Shamounpour 310-432-6400
$1,600,000
Excellent income-producing property featuring two separate structures on one lot with mixed-use potential. The front building is a two-story commercial structure currently leased to a child care center paying $7,500 per month, month-to-month, with a tenant ready to sign a long-term lease. The space is well-maintained and ideal for continued… Read More use as a preschool, daycare, or educational facility. The rear structure is also two stories, offering a combination of residential and auxiliary space. The upper level includes two residential units: a 1-bedroom/1-bath unit and a studio. The lower level is currently used as a playground area for the daycare. The owner is in the process of constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. The residential units will be delivered VACANT. Two separate buildings on one lot. Substantial existing income with growth potential. Commercial tenant willing to sign a long-term lease. Additional ADU under construction for added value. Convenient central Los Angeles location near major streets, schools, and public transportation. This C2 zoning property offers a rare combination of stable cash flow, development upside, and flexible use ideal for investors or owner-users seeking a multi-purpose asset in a growing area. Read Less
Listing Snapshot
Days Online
20
Last Updated
Property Type
Other
Beds
9
Square Ft.
3,346
Lot Size
0.17 Acres
Year Built
1904
MLS Number
25607053
30 Days Snapshot Of 90037
$645k
-17%
(avg) sold price
4
+33%
homes sold
107
+48%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1904, Building area total: 3,346, Levels: Two, Living area: 3346, 2 stories, 2 buildings, Common walls: NoCommonWalls
Community
Gated
Floors
Laminate
Heating
WallFurnace
Income
Gross income: $168,000, Net operating income: $136,000
Laundry
None
Lot
0.1664 acres, 7,248 square feet, Size: 7,248
Parking
4 totals parking, Driveway
Pool
None
Property
Zoning: LAC2, CityLights
Security Features
GatedCommunity
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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