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For Sale

$1,100,000

8,472 sqft$130/sqft76 days on market

10318 S Budlong AVE

Los Angeles, CA 90044

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

8,472

Square feet

1991

Built

Listing narrative

Description

Rare opportunity to own a versatile Los Angeles property currently operating as a church, with significant potential for an owner-user, congregation, investor, or future developer. Situated on an LCR320U-zoned lot, this property offers the unique combination of an existing functional religious facility, income-producing potential, and valuable land-use flexibility for the future. The property is currently being utilized as a church and provides an excellent opportunity for a new congregation seeking an established location where it can continue serving the surrounding community, grow its ministry, and create a lasting place of worship and outreach. The existing space can accommodate a variety of community-oriented activities and provides a foundation for an organization looking to expand its mission and impact. For an investor or visionary developer, the real opportunity may be in the and and its future potential. LCR320U properties in Los Angeles are commonly utilized for multifamily and mixed-use applications, and comparable properties have been marketed for both residential and mixed-use redevelopment. Depending on the specific site, applicable regulations, approvals, and building requirements, future possibilities may include redevelopment incorporating commercial or community-serving space at the ground level with residential uses above. Imagine creating a future community-focused project where the lower level serves as a church, community center, nonprofit, or other neighborhood-serving establishment, while upper levels could potentially be developed into housing, supportive living space, offices, or other permitted uses. A future owner could envision a church and congregation below with a family resource center, transitional housing, rehabilitation-oriented services, or supportive accommodations above, creating a property designed not only to generate value but to directly serve families and individuals in need. The sale includes everything needed to a new congregation right away; chairs and pews, appliances, video security equipment, office equipment, sound system, and musical instruments. The outdoor tent is excluded from the sale. The property is currently occupied by tenants on a month-to-month basis, providing flexibility for an investor who wants to maintain occupancy or for an owner-user/new congregation that prefers the property delivered vacant.

Listing agent (MLS): Melvin Ortiz · Listing brokerage (MLS): Realty Masters & Associates

Property Details

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Price

$1,100,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Mixed Use

Home Size

8,472 sqft

Baths

Baths n/a

Lot Size

0.19 acres

Year

1991

Status

For Sale

Days on Market

76

$ / Sqft

$130

· 8% down, 7% APR, 30yr fixed
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Courtesy of Realty Masters & Associates