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1252 S Lake Street

Los Angeles (City), CA 90006
  • $5,086,000
  • STATUS: Active
  • ON SITE: 354 Days
  • ID#: PW20254714
UPDATED: 35 min ago
$5,086,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,960
    SQFT
  • $392
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1914
County:

School Ratings & Info

Listing provided courtesy of Caroline Gim of Expert Real Estate and Aurora Gim of Expert Real Estate

Description

REDEVELOPMENT OPPORTUNITY ON A HIGH-PROFILE CORNER LOT. 1252-1266 South Lake Street (APN: 5136-024-019) is a 2 story, 12,960 sq ft mixed use building with six Commercial Suites and twelve Residential Apartment Homes. Additionally, an 8,700 sq. ft. adjacent parcel (APN: 5136-024-018) is included with the sale, currently used as a parking lot. Commercial tenants have good visibility from two major thoroughfares (Pico Blvd. and HooverSt.), and Residents enjoy easy access to public transportation, retail, and restaurants (Walk Score: 93!). Convenient to USC, DTLA, Staples Center, and 10/110/101 Freeways. This is an incredible value-add opportunity as-is, and even better as a redevelopment deal. Property is also T.O.C. Tier 2 eligible and HUBZone Qualified. NEW ROOF INSTALLED IN 2020. Trust Sale.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-29T21:27:17.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
www.rgahomes.com/homes/112506910
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1252 S Lake Street Los Angeles (City), CA 90006

  • Price: $5,086,000
  • Status: Active
  • On Site: 354 Days
  • Updated: 35 min ago
  • ID#: PW20254714
0
Beds
0
Baths
0
½ Baths
0.39
Acres
12,960
SQFT
$392
$/SQFT
1914
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
REDEVELOPMENT OPPORTUNITY ON A HIGH-PROFILE CORNER LOT. 1252-1266 South Lake Street (APN: 5136-024-019) is a 2 story, 12,960 sq ft mixed use building with six Commercial Suites and twelve Residential Apartment Homes. Additionally, an 8,700 sq. ft. adjacent parcel (APN: 5136-024-018) is included with the sale, currently used as a parking lot. Commercial tenants have good visibility from two major thoroughfares (Pico Blvd. and HooverSt.), and Residents enjoy easy access to public transportation, retail, and restaurants (Walk Score: 93!). Convenient to USC, DTLA, Staples Center, and 10/110/101 Freeways. This is an incredible value-add opportunity as-is, and even better as a redevelopment deal. Property is also T.O.C. Tier 2 eligible and HUBZone Qualified. NEW ROOF INSTALLED IN 2020. Trust Sale.
Exterior Features

Lot Features Near Public Transit Parking Total 25 Sign On Property YN No

Property Features

Additional Parcels YN Yes Common Interest None Gross Scheduled Income 169368 Insurance Expense 9373 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 2580 Net Operating Income 56006 Operating Expense 53605 Other Expense 7107 Property Sub Type Mixed Use Special Listing Conditions Trust Tax Annual Amount 62475 Trash Expense 3332 Vacancy Allowance 5082 Water Sewer Expense 18210 Water Source Public Zoning Lac2-1 & Lar4-1 Hpoz



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-29T21:27:17.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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RGA Homes | Coldwell Banker Realty
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing provided courtesy of Caroline Gim of Expert Real Estate and Aurora Gim of Expert Real Estate