Commercial property · 2 recorded sales since 2016
Listing Agent: Leo Nordine (DRE #00961679) · Listing Office: Nordine Realtors, Inc. · Contact: 310-379-8800 · Bought with: Timothy Hahn · Nordine Realtors, Inc. · MLS #SB16185915 · Source: CRMLS
First time on market in 40 years. 5777+ sq. ft. of live/work space with colorful history on 50 x 152 C2 lot in A+ View Park/Leimert Park location. 4 retail/office units in front (2 up, 2 down), three with 1 bath, one with 2 baths + 3 bed 2 bath SFR with master + large studio in rear + large billboard + gated parking. Entire property will be delivered V... see agent remarks. Huge upside: blocks from $2 billion under-construction Crenshaw/LAX Metro Rail line (will boost values when it links Jefferson Park to LAX, with a stop in Leimert Park; see L.A. Times article in agent remarks) and due north of under-construction Hollywood Park Tomorrow 238 acre development, Rams NFL stadium and new Forum, now owned by Madison Square Garden. 34,000 traffic count on Crenshaw. C2 zoning allows a multitude of uses – see list in supplements. Billboard lease is ancient, $1200 a year, but expires 10-1-17. See lease in supplements.
Listing description from the November 2016 sale, as reported to CRMLS.