Property Detail

Description

4 UNIT APT + RETAIL BUILDING! Mixed use Retail/Apt building in the USC Patrol Zone in Los Angeles, Ca. Just blocks from the USC campus, this investment opportunity is ideal for an owner/user business operator looking for a prime retail space while collecting rents from the Apts for additional income stream. Property qualifies for SBA financing with over 52% vacancy. The property is comprised of two structures totaling 3,592 SF with a fully vacant 1,872sf corner retail building ideal for immediate owner occupancy or divided into 3 retail units with parking in the rear. The separate apartment was built in 1954 is a two story 4 unit property totaling 1,720sf with all 1/1 units fully occupied w/ MTM tenants & upside in the rents. On a corner lot totaling 5,058 SF in size with C2 zoning for multiple use allowed. Centrally Location near USC on Jefferson Blvd within the USC Patrol Zone, near Exposition Park, LA Coliseum, DTLA, Freeways, Restaurants & Shops. 11.3 GRM/6.5% CAP RATE.