Major Price Improvement on this Jewel in the Heart of Los Angeles! Looking for Investors / Developers who have a vision and need some space to build some units. A perfect mix use property with an established Church to the front, and a fourplex to the rear, which is situated on a huge 18,514 sf lot! There is plenty of parking space on this lot as well! This lot is ideal for developers looking for a large lot to built upon, or an Investor looking to add additional units! The possibilities are endless! The Church has a capacity of approximately 200 people, with a balcony area for the choir or organ player, in addition to an attached kitchen and banquet room, attached to the rear of the Church. There is also some office spaces which pertains to the Church area as well, which are located in between the Church and the Church Hall. Detached from the Church is a fourplex, with each unit consisting of a nice and cozy, 1 bedroom, 1 bath, kitchen area, and living room areas. All units are being rented at this time, as is the Church, with annual leases set to expire this year. If you are looking for a large lot, with a potential to build upon, in the heart of Los Angeles, this is the lot for you! Look No Further!
MLS# | DW24000699 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Pending |
Year | 1950 |
Days On Site | 279 |
Listing Provided By | Century 21 Realty Masters 562-677-1800 | William Preciado |
SQ Feet | 6,990 |
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Story(s) | 2 |
Units | 38342 |
Building(s) | 2 |
Zoning | LAR4 |
Acreage | 0.42 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90002 |
Area | C34 Los Angeles Southwest |
Listing VS Median (in 90002) | |
Price: $1,475,000 low | high Med: $627,450 SqFt: 6,990 low | high Med: 1,264 $ / SqFt: $211 low | high Med: $497 On Site: 279 low | high Med: 234.000000 |