Apartment and Retail Building, Los Angeles, CA

3 Units mixed-use with 2 separate buildings. The first building features storefront retail and apartment. The second building is a detached single family resident. Great investment opportunity for Investor or Developer. Spacious Lot size at 7,241 square feet with carports. Larger than average lot. The retail store is a long terms tenant, current lease is month-to-month. Owner can re-sign a year lease or longer terms with current tenant at market rate.

Retail store frontage wall was hit by a car approximately June 2021. The wall is currently boarded for repair. Drawing was approved by City and permit is already paid for. During the repair, the City of LA also required the owner to repair the foundation. New drawing have been approved by the city and ready for permit. Permit cost is approximately $2200. The construction cost to repair the wall and foundation is approximately $70,000. The current owner is selling the property “as is”, no repairs will be completed at close of escrow.