1252 S Lake St - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90006- Pico-Union
$2,500,000 USD
310-207-2288
1252 S Lake St, Los Angeles, CA for Sale
$2,500,000 USD
Storefront Retail/Residential - FOR SALE
1/22
null | 3.24% Cap Rate

1252 S Lake St
Los Angeles, CA 90006
Pico-Union


HIGHLIGHTS

  • Trust Sale. NO Court Confirmation required.
  • For sale AFTER 40 years!
  • 18-unit Mixed-use property in the heart of Koreatown, zoned LAR4
  • 1250 S Lake St (APN 5136-024-018) has 25 parking spaces, listed separately on MLS#25495893 for $1.3MM. Both properties to be sold together.
  • 100% leased and separately metered for both gas and electricity for residential.
  • Sold AS IS and WHERE IS with current tenants in place.

OVERVIEW

Trust Sale. NO Court Confirmation required. For sale AFTER 40 years! 18-unit Mixed-use property located in the heart of Koreatown. Unit mix 10 x 1 bed 1 bath, 1 x 1 bed 3 bath & 1 x 2 bed 1 bath residential units, plus 6 commercial units. Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces, listed separately on MLS#25495893 for $1.3MM. Both properties to be sold together. Existing building is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. 100% leased and separately metered for both gas and electricity for residential. Property need rehab and updating. Sold AS IS and WHERE IS with current tenants in place. Minutes away from Downtown LA, Staples Center, LA Live, Restaurants, major attractions, and USC. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

3.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

5136-024-019

ASK ABOUT THIS PROPERTY

Vinny JainIngenious Asset GroupMore Info
310-207-2288

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Vinny JainIngenious Asset GroupMore Info
310-207-2288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.