Exceptional Investment Opportunity: Premier Mixed-Use Property in Downtown Los Angeles. Presenting a rare opportunity to acquire a high-value mixed-use commercial property strategically positioned at the prominent intersection of Pico Blvd. and Oxford Ave. This corner property combines stable income, strong tenant demand, and future growth potential, boasting an impressive 6.18% CAP rate and a monthly rental income of $10,396. This two-story property spans 7,360 sq. ft. on a 4,194 sq. ft. lot (zoned LAC2). It features a reliable retail tenant (a hardware store) and six fully leased residential studios on month-to-month agreements. With nearly 100% occupancy and tenants maintaining excellent credit profiles, this asset offers investors a blend of consistent income and substantial long-term upside.This property represents a rare chance to own a prime mixed-use building in the heart of downtown Los Angeles, providing a compelling combination of immediate returns and future value appreciation in one of the city's most sought-after markets.
MLS# | 24472817 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1913 |
Days On Site | 54 |
Listing Provided By | Ivy Realty Co. 213-386-8888 | Ki Seon Im |
SQ Feet | 7,360 |
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Zoning | LAC2 |
Acreage | 0.10 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90006 |
Area | C16 Mid Los Angeles |
Listing VS Median (in 90006) | |
Price: $1,500,000 low | high Med: $858,000 SqFt: 7,360 low | high Med: 1,110 $ / SqFt: $204 low | high Med: $773 On Site: 54 low | high Med: 101.000000 |