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$5,086,000
1252 S Lake St, Los Angeles, CA 90006
0 Beds
0 Baths
12,960 sqft

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REDEVELOPMENT OPPORTUNITY ON A HIGH-PROFILE CORNER LOT. 1252-1266 South Lake Street (APN: 5136-024-019) is a 2 story, 12,960 sq ft mixed use building with six Commercial Suites and twelve Residential Apartment Homes. Additionally, an 8,700 sq. ft. adjacent parcel (APN: 5136-024-018) is included with the sale, currently used as a parking lot. Commercial tenants have good visibility from two major thoroughfares (Pico Blvd. and Hoover St.), and Residents enjoy easy access to public transportation, retail, and restaurants (Walk Score: 93!). Convenient to USC, DTLA, Staples Center, and 10/110/101 Freeways. This is an incredible value-add opportunity as-is, and even better as a redevelopment deal. Property is also T.O.C. Tier 2 eligible and HUBZone Qualified. NEW ROOF INSTALLED IN 2020. Trust Sale.
  • Price:
  • $5,086,000
  • Square Footage:
  • 12,960
  • Acreage:
  • 0.39
  • Year Built:
  • 1914
  • Listing ID #:
  • PW20254714
  • Street Address:
  • 1252 S Lake St
  • City:
  • Los Angeles
  • State:
  • California
  • Postal Code:
  • 90006
  • County:
  • Los Angeles
  • Community:
  • Mid Los Angeles
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Number Of Units:
  • 18
  • Stories:
  • 2
  • Total Building Square Footage:
  • 12960
  • Year Built:
  • 1914
  • Year Built Source:
  • Assessor
  • Annual Insurance Expenses:
  • 9373
  • Annual Maintenance Expenses:
  • 2580
  • Annual Trash Expenses:
  • 3332
  • Annual Water/Sewer Expenses:
  • 18210
  • Net Operating Income:
  • 56006
  • Operating Expense:
  • 53605
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lac2-1 & Lar4-1 Hpoz
  • Lot Features:
  • Near Public Transit
  • Lot Size:
  • 17203
  • Lot Square Footage:
  • 17203
  • Days On Market:
  • 213
  • On Market Date:
  • 2020-12-09
  • Originating Mls:
  • Crmls
  • Previous Listing Price:
  • 50860000
  • Street Direction Prefix:
  • S
  • Street Type:
  • Street
  • Property Taxes:
  • $62,475
  • Parking Spaces:
  • 25
  • Existing Water:
  • Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Caroline Gim of Expert Real Estate
  • CACRMLS

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