1438 W 25th Street, Los Angeles, CA 90007
- $1,150,000
- List Price
- $1,150,000
- Price Change
- ▼ $100,000 1739929146
- Status
- PENDING
- MLS#
- 24461667
- Year Built
- 1922
- Lot Size
- 13,465
- Acres
- 0.31
- Lot Location
- Back Yard, Front Yard, Street Level, Value In Land
- Days on Market
- 132
- Property Type
- Commercial
Property Description
Truly the opportunity of a lifetime! This 13,503 sq ft property, 1438 - 1444 W 25th St, is zoned R4 with three current structures and is in an HPOZ (Historic Preservation Overlay Zone. Built in 1922, there are five 2 bedroom / 1 bathroom units, four of which are currently occupied. Additional conveniences include 9 parking spots and a shed for 2 units. The property is subject to Los Angeles Rent Stabilization Ordinance, with rents currently totaling $4,458.48, and the seller would prefer to transfer the property occupied. Current units range in rents from $967.20 to $1,263.60 per month, with the recommended market value of the vacant fifth unit being $1,750 - $1,900. Located near USC, this property is both income generating and developable. The current buildings are in need of extensive repairs - inquire for more detailed information. Broker and Brokers Representatives are not responsible for accuracy of any information. Buyer to do own investigation including but not limited to zoning information, building requirements, condition of property etc.
Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: Cynthia Wexler (cindywexler@gmail.com) from Listing Office: Wexler Corporation.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.