Unmatched Investment Opportunity in the Heart of LA!Step into an extraordinary chance to own a prime piece of real estate that combines income, convenience, and incredible potentialall in one! Nestled in a booming pocket of Los Angeles, this incoming-producing property is perfectly situated across two commercially zoned lots, paving the way for unlimited possibilities.Property Highlights:Diverse Income Streams: Boasting 14 residential studio units on the top floor and 3 commercial spaces on the ground level, this vibrant property generates nearly $29,000 in monthly income! Imagine your residential tenants covering your mortgage while you run your own business right downstairs!Prime Location: With the 2028 Olympics coming to town, you're investing in an area poised for explosive growth and appreciation. Be part of this thriving community and benefit from the increasing demand for both residential and commercial space.Ample Parking & Accessibility: Featuring 22 dedicated parking spaces, your tenants and patrons will enjoy easy access, making this property even more appealing.Utility Management: Get creative with utility costs! All commercial units pay their own electricity. Plus, you have the option to adjust utility charges for 33.3% of the residential units that currently pay a flat feeresulting in potential additional income.Government Subsidy Advantage: 5 of the residential units are government-subsidized through Section 8, providing stable income and a security net in any market environment.Why wait? Opportunities like this don't come along often! This value-add property offers plenty of upsidewhether you're looking to expand your investment portfolio, begin your real estate journey, develop bigger buildings and are in need of a double lot, or capitalize on the heightened demand in a fast-developing area. The future is bright, and so is your investment potential!Seize the moment to make a smart investment in LA's flourishing market that is predicted to become even more lucrative. Schedule your private tour today and envision the endless possibilities that this exceptional property has to offer!
|
DAYS ON MARKET
|
24
|
LAST UPDATED
|
3/10/2025
|
|
YEAR BUILT
|
1957
|
COMMUNITY
|
Park Hills Heights
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| APPLIANCES |
Microwave, Refrigerator |
| AREA |
Park Hills Heights |
| GARAGE |
Assigned |
| INTERIOR |
Ceiling Fan(s), Storage |
| LOT |
0.28 acre(s) |
| LOT DESCRIPTION |
No Landscaping |
| PARKING |
Assigned |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights |
| ZONING |
LAC2 |
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Listed with Clement Partners Real Estate
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/3/25 3:11 AM PDT 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
This IDX solution is (c) Diverse Solutions 2025.
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