2010 Stanford AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25036713
Year Built 1912
Lot Size 0.276 Acres
Property Sub-Type Mixed Use
Property Description
A unique opportunity to acquire two contiguous parcels zoned LA-R2 within a designated Opportunity Zone. Comprised of three separate structures totaling 11,686sf in size, it includes a vacant house, a 4 unit multifamily, and a three story industrial building that has rooftop access with unobstructed views of Downtown LA. The entire property sits on a 12,008sf (.27 acres) corner lot w/ 150' frontage and alley access, providing a tremendous value add opportunity for a local and experienced investor/developer to reposition or redevelop the property. The corner house is a 3bed/1.5 bath craftsman w/ a finished second floor, and is currently vacant. The industrial building is also delivered vacant and available for a potential owner/user. The 4 units are all 1 bedrooms, and one unit will be delivered vacant. The other three are currently occupied w/ MTM tenancy at below market rents. Good Location south of the 10 fwy, east of the 110 fwy, and 2 miles to USC, Exposition Park, Downtown LA, the fashion district, LA Live, Restaurants & Shops.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning R2
Interior
Heating Wall Furnace
Cooling None
Laundry Washer Hookup,See Remarks
Exterior
Fence Wrought Iron
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,See Remarks,Water Available
Roof Type Composition,Flat
Building
Lot Description 6-10 Units/Acre
Story 3
Water Public
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange,Owner May Carry
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange,Owner May Carry
Special Listing Condition Standard