Great mixed use income property on a large 7545 sq.ft. corner lot. Ground floor unit on Holmes ave. is a mini market tenant that has beer & wine license. The market is currently paying $2916.50 per month and has appr. 3 years remaining on their 5 year lease with a 5 year option with rent increase each year. There are also two residential tenants on the 2nd floor : There is a 2 bedroom/1 bath unit paying $1591 per month & $50 per month to park an extra car. The 1 Bedroom/1 bath unit is paying $1580 per month. Owner pays for Water. There are two storage garages on the lot. One is being used by the 2 bedroom unit tenant. One is vacant and not used. There is also a advertising sign on the side of the building that the owner receives a few hundred dollars per year. Great for long term hold and/or possibility of adding additional units on the property. Also great for a 1031 Exchange. Buyer and/or Buyers agent to check for themselves as to what can be built there. Property is currently under the County of Los Angeles.
| MLS # | 26830215 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 117 |
| Listing Provided By | Exclusive Realty Inc | Benjamin Shamouelian |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 3,347 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | LCC2* |
| Acreage | 0.17 |
| Cooling | Wall Window Units |
|---|---|
| Cooling Yes / No | Yes |
| Parking Features | Private |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90001 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90001) | |
Price: $899,000 low | high Med: $895,500 sqft: 3,347 low | high Med: 2,224 $ / sqft: $269 low | high Med: $403 On site: 117 low | high Med: 36 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90001 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90001) | |
Price: $899,000 low | high Med: $895,500 sqft: 3,347 low | high Med: 2,224 $ / sqft: $269 low | high Med: $403 On site: 117 low | high Med: 36 | |