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For SaleLuxury

$4,895,000

9,196 sqft$532/sqft61 days on market

2600 S Main Street

Los Angeles, CA 90007

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

9,196

Square feet

1905

Built

Listing narrative

Description

Three (3) contiguous parcels at the signalized intersection of major arteries Main St & Adams Blvd, only 3 blocks from the Lorenzo Apartments one of USC's largest off-campus student housing communities. Consists of a two-story industrial/flex building of 18,200 SF zoned M1, a single-story 4-unit residential apartment zoned R4, and a parking lot zoned R4. All of the tenants are Month-To-Month the in-place NOI is approximately $175,000 with the Buyer's new tax basis. Situated within a federally designated Opportunity Zone, the properties offer compelling potential for redevelopment, value-add repositioning, or owner-user occupancy. Attached is a feasibility study for the two R4 lots on their own, which show a potential for up to 91 units. The assets may be purchased individually or as a combined portfolio, providing flexibility based on a Buyer's investment or development strategy.

Listing agent (MLS): Joseph Bolognese · Listing brokerage (MLS): Saxum West

Property Details

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Price

$4,895,000

Beds

Beds n/a

Type

Commercial

Home Size

9,196 sqft

Baths

Baths n/a

Lot Size

0.21 acres

Year

1905

Status

For Sale

Days on Market

61

$ / Sqft

$532

· 8% down, 7% APR, 30yr fixed
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Courtesy of Saxum West