2600 S Main Street, Los Angeles, CA 90007
- $4,895,000
Listing courtesy of Listing Agent: Joseph Bolognese (joe@saxumwest.com) from Listing Office: Saxum West.
- List Price
- $4,895,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 26985045
- Subtype
- Commercial Sale
- Year Built
- 1905
- Lot Size
- 9,194
- Acres
- 0.21
- Building Name
- Adams & Main Portfolio
- MLS Area Major
- Downtown L.A. (C42)
Property 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.
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Additional Information
- Zoning
- LAM1
Mortgage Calculator
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