Los Angeles, CA 90006,1252 S Lake St
Los Angeles, CA 90006,1252 S Lake St
Los Angeles, CA 90006,1252 S Lake St
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$2,500,000
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12,960 SqFt
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1252 S Lake St Los Angeles, CA 90006

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Key Details

Property Type Commercial

Sub Type Combo - Res & Com

Listing Status Active

Purchase Type For Sale

Square Footage 12,960 sqft

Price per Sqft $192

MLS Listing ID 25491881

Year Built 1914

Lot Size 8,504 Sqft

Acres 0.1953

Property Sub-Type Combo - Res & Com

Property Description

Trust Sale. NO Court Confirmation required. For sale AFTER 40 years! 18-unit Mixed-use property located in the heart of Koreatown. Unit mix 10 x 1 bed 1 bath, 1 x 1 bed 3 bath & 1 x 2 bed 1 bath residential units, plus 6 commercial units. Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces, listed separately on MLS#25495893 for $1.3MM. Both properties to be sold together. Existing building is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. 100% leased and separately metered for both gas and electricity for residential. Property need rehab and updating. Sold AS IS and WHERE IS with current tenants in place. Minutes away from Downtown LA, Staples Center, LA Live, Restaurants, major attractions, and USC. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAC2

Interior

Heating Wall

Laundry Community

Exterior

Garage Spaces 25.0

Roof Type Flat

Building

Story 2

Water District

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Ingenious Asset Group, Inc.

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agent

Jennifer D. Holmes

Global Real Estate Advisor

+1(214) 600-2972

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1252 S Lake St