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  • DESCRIPTION

    INCREDIBLE $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!

    KEY DETAILS
    • Price:
    • $2,588,000
    • Bedrooms:
    • 6
    • Full Baths:
    • 0
    • Square Footage:
    • 4,371
    • Acreage:
    • 0.28
    • Year Built:
    • 1900
    • MLS #:
    • 18401720
    • Street Address:
    • 116 S Avenue 64
    • City:
    • Los Angeles
    • State:
    • CA
    • Postal Code:
    • 90042
    • County:
    • Los Angeles
    • Area:
    • Highland Park
    • Listing Status:
    • For Sale - Active

    Building

    • 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

    Business

    • Adjusted Gross Income:
    • 178000.00
    • Net Operating Income:
    • 178000.00

    Land

    • Approximate Lot Size Range Source:
    • Public Records
    • Conforms To Zoning:
    • Lard1.5
    • Lot Square Footage:
    • 12013

    Listing

    • Days On Market:
    • 47

    Money

    • Hoa Fee Includes:
    • Gated Parking
    • Price Per Square Foot:
    • 592.08

    Structures

    • 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

    Systems

    • Cooling System:
    • Central A/C
    • Heating:
    • Central Furnace

    Source

    • Listing Provided By Marisa Tranquilli of Keller Williams Larchmont (DRE#: 01496558)

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    NOTES

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