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116 S Avenue 64, Los Angeles, CA 90042
6 Beds
0 Baths
4,371 sqft

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New Year new $100,000 PRICE REDUCTION! GREAT INVESTMENT OPPORTUNITY FOR A MIXED USE OWNER OCCUPY W/ UPSIDE. This exquisite Victorian trophy property has been meticulously restored & redesigned by acclaimed interior designer Joshua Cain. Located in the Highland Park HPOZ, home to a number of LA's hippest retail tenants. There are 2 lots that are tied together for over 12,000 sq. ft. of space w/ plenty of room to construct a 2nd building with 4-5 more units.There are currently 5 total units w/ the ground flr front unit being a light & bright commercial space well suited for retail or office space. Ideal for owner/occup use by an attorney, artist, retail shop, architect, or a variety of other businesses. There are 3 luxury rental units w/exquisite interior finishes; these units include washer/dryers, dishwashers. There is one rent-controlled tenant in the unrestored 5th unit. Abundant parking w/ 12 ground spaces & 4 garage spaces. W/ a CAP rate of 6.85%, this is a deal not to be missed!
  • Price:
  • $2,488,000
  • Bedrooms:
  • 6
  • Square Footage:
  • 4,371
  • Acreage:
  • 0.28
  • Year Built:
  • 1900
  • Listing ID #:
  • 18401720
  • Street Address:
  • 116 S Avenue 64
  • City:
  • Los Angeles
  • State:
  • California
  • Postal Code:
  • 90042
  • County:
  • Los Angeles
  • Listing Status:
  • Active
  • Building Condition:
  • Updated/Remodeled
  • Building Floors:
  • 2
  • Number Of Units:
  • 5
  • Square Footage Source:
  • Vendor Enhanced
  • Style:
  • Architectural
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 4371
  • Unit2 Bedrooms:
  • 3
  • Unit3 Bedrooms:
  • 2
  • Unit4 Bedrooms:
  • 1
  • Year Built:
  • 1900
  • Adjusted Gross Income:
  • 178000.00
  • Net Operating Income:
  • 178000.00
  • Approximate Lot Size Range Source:
  • Public Records
  • Conforms To Zoning:
  • Lard1.5
  • Lot Square Footage:
  • 12013
  • Days On Market:
  • 115
  • Hoa Fee Includes:
  • Gated Parking
  • Price Per Square Foot:
  • 569.21
  • Covered Parking Spaces:
  • 4
  • Garage Capacity:
  • 4.0
  • Parking Description:
  • Gated
  • Parking Spaces:
  • 16
  • Parking Type:
  • Garage Is Detached, Parking Space
  • Pool Description:
  • No Pool
  • Cooling System:
  • Central A/C
  • Heating:
  • Central Furnace
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Marisa Tranquilli of Keller Williams Larchmont (DRE#: 01496558)
  • CARETS

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