2525 Griffith Avenue

    Los Angeles (City), CA 90011
    • $1,099,000
    • STATUS: Active
    • ON SITE: 3 days
    • ID#: 18413480
    New On Site 3 Days Ago
    UPDATED: 39 min ago
    $1,099,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,116
      SQFT
    • $215
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    On offer is a mixed-use property south of Downtown Los Angeles. This corner to alley lot consists of a retail space (currently inhabited by a liquor store) and three houses. A stone's throw to the Staples Center and the University of Southern California, this income property is situated close to entertainment, dining, nightlife, public transportation, the 10 and the 110 freeways. With the R3 Tier 3 zoning, this 7,497.5 sf lot has future development potential as well. Current low rents and a retail lease with under two years (with a 5 year option - option at FMV with a cancellation clause if property is sold), there is tremendous room for growth. Buyer to verify all information, including square footage.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T19:30:34.067. 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. Licensed in the State of California, USA.
    www.impactca.com/homes/89904397

    2525 Griffith Avenue Los Angeles (City), CA 90011

    • Price: $1,099,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 18413480
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,116
    SQFT
    $215
    $/SQFT
    1925
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    On offer is a mixed-use property south of Downtown Los Angeles. This corner to alley lot consists of a retail space (currently inhabited by a liquor store) and three houses. A stone's throw to the Staples Center and the University of Southern California, this income property is situated close to entertainment, dining, nightlife, public transportation, the 10 and the 110 freeways. With the R3 Tier 3 zoning, this 7,497.5 sf lot has future development potential as well. Current low rents and a retail lease with under two years (with a 5 year option - option at FMV with a cancellation clause if property is sold), there is tremendous room for growth. Buyer to verify all information, including square footage.
    Exterior Features

    Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Gross Multiplier 20.64 Gross Operating Income 50490.00 Laundry YN Yes Net Operating Income 0.00 Special Listing Conditions Standard Total Expenses 0.00 Zoning R3-1 Tier 3

    Listing provided courtesy of Dario Svidler of Compass and Neville Graham of Compass.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T19:30:34.067. 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. Licensed in the State of California, USA.
     
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