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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,150,000

Est. payment | -/mo

0.31 Acres Lot

Save

$ 1,150,000

Est. payment | -/mo

Save

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Cynthia Wexler Wexler Corporation #01981372

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1438 W 25th ST Los Angeles, CA 90007