Commercial property
Listing Agent: Cynthia Wexler (DRE #01981372) · Listing Office: Kliq Realty · Contact: 310-987-7074 · Bought with: Anahit Khatchatrian · Vendezi Group · MLS #25499513 · Source: CRMLS
Truly the opportunity of a lifetime! This 13,503 sq ft property 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. Property being sold with 4 of the 5 units occupied. 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.
Listing description from the June 2025 sale, as reported to CRMLS.