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$950,000
Est. payment /mo
2,797 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 2,797 sqft
Price per Sqft $339
MLS Listing ID CL26842853
HOA Y/N No
Year Built 1920
Lot Size 7,002 Sqft
Acres 0.1607
Property Sub-Type Comm Ind For Sale
Property Description
A mixed-use property totaling approximately 2,800 square feet situated on a 7,002 square foot C2-zoned lot along a highly visible commercial corridor in the Highland Park neighborhood of Los Angeles. The property is improved with approximately 1,900 square feet of commercial space configured into two primary units of roughly 800 square feet each, along with two additional storage units, and a separate ~1,000 square foot 3-bedroom, 1-bath residential structure located at the rear of the lot. The site benefits from direct frontage on Figueroa Street with traffic counts exceeding 21,000 vehicles per day and strong surrounding population density of over 880,000 residents within a five-mile radius. The property is currently in receivership and presents a unique opportunity for a buyer to reposition the asset through lease-up, renovation, or redevelopment. Flexible configuration allowing for owner-user occupancy, lease-up, or repositioning. Development potential supported by C2 zoning with Tier 3 TOC incentives and MIIP eligibility. Mixed-use retail/residential property totaling approximately 2,800 Sq Ft on a 7,002 SF C2-zoned lot. High visibility along Figueroa Street with traffic counts exceeding 21,000 vehicles per day. Strong surrounding demographics with dense population; over 266,000 people within 3 miles.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5467002002
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Listed by Mark Cianciulli • The CREM Group
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