1438 W 25th Street
Los Angeles, CA 90007
0.31 acres | #24461667
Description
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. 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. Broker and Brokers Representatives are not responsible for accuracy of any information. Buyer to do own investigation including but not limited to zoning information, building requirements, condition of property etc.
Property Details
- Lot DescriptionBackYard, FrontYard, StreetLevel, ValueInLand
- Property SubtypeCommercialSale
- CountyLos Angeles
- Original List Price$1,250,000
- Property TypePurchase
- MLS #24461667
- MLS #24461667
- Cost1250000
- Acres0.3091
- Year Built1922
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Cynthia Wexler (#CLW-C138104)
Listing Office: Wexler Corporation (#CLW-X83175)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
