This mixed-use property features a two-story retail and residential building located in the heart of Los Angeles. The property offers strong income potential and excellent opportunities for future upgrades. The property is located on the busy Western Avenue, offering excellent visibility and exposure.
The first floor consists of five retail storefronts, all currently occupied by tenants. A warehouse at the rear of the property is tenant-occupied but currently not generating income.
Convenient parking spaces are also located at the rear for both customers and tenants.
The second floor includes seven residential units three studios and four one-bedroom, one-bath apartments providing steady residential income.
The current rents are below market value, offering the buyer the potential to increase income through updated rental rates, subject to city rules and regulations.
Ideally situated near major Los Angeles attractions such as BMO Stadium, the Natural History Museum, Hollywood, Downtown Los Angeles, Beverly Hills, and the Santa Monica beaches, the property offers exceptional accessibility and convenience within a vibrant neighborhood.
The subject property is a historical building listed in city records, featuring distinctive character and timeless charm. It represents an exceptional opportunity to acquire a well-located, income-producing asset in one of Los Angeles s most vibrant corridors.
- Age: Over 50 Years Old
- Architecture Style: Other