Los Angeles, CA 90043
This is an entry level Investment - Ideal for an owner user - existing retail tenants are month to month (hair salon established in 1969 - same operator). There are three retail stores downstairs with two of them occupied by the hair salon and the third is occupied by a retail - medical/handicapped supply business who are long tern tenants as well. The one bedroom apt. is occupied with rent control conditions (for owner user - property could be delivered vacant at close of escrow). All the existing rents are currently rented at far below market rates. This property has tremendous upside in cash flow for new owner user on a high exposure corner or an investor with re-tenanting building and capitalizing on a better return... The spacious one bedroom apt has a one car garage and a private parking spot in front of it with direct access off the alley behind the property. Next to that is the private gated parking area for the commercial space. There is easy access to this corner location with alley access to the parking area and street parking adjacent to the property. The property is located within blocks of major commercial streets (La Brea , La Ceinega) and frwys - 90-105-110-405....20 minutes to downtown or Santa Monica.
Michael Talbot with Re/Max Estate Properties
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