Roseann Oesterreich, CRS, GRI
The median home value in Los Angeles, CA is $1,200,000.
This is
higher than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Los Angeles, CA is $1,200,000.
Approximately 45.51% of Los Angeles homes are owned,
compared to 47.38% rented, while
5.3% are vacant.
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Proudly presenting an exclusive opportunity to acquire a stabilized, income-producing mixed-use office/retail building located in the heart of South Los Angeles, prominently anchored by Chase Bank, a strong national credit tenant. Constructed in 1997, the building has been exceptionally built and maintained with the highest standards. This well-positioned asset offers an immediate return with a cap rate exceeding 6.0%, providing strong in-place cash flow from established long-term tenants. Priced to sell, the property features significant upside through rental income growth and lease restructuring. Current lease terms offer the ability to implement operating expense reimbursements and adjust below-market rents, creating additional value for the investor. Strategically located in a dense urban corridor of South Los Angeles, the property benefits from high visibility, strong foot traffic, and proximity to major transportation routes and city landmarks. It sits approximately 7 miles from Downtown Los Angeles, 6 miles from USC and Exposition Park, and about 13 miles from LAX. The surrounding area is a vibrant, evolving community with a mix of residential, retail, and civic uses, offering long-term growth and tenant demand. This investment is ideal for those seeking a combination of immediate income and long-term value in a rapidly transforming submarket of Los Angeles.
Attention builders/developers! Substantial price reduction for a 7,069 SF of land at 9920 S Central Ave. The 3,316 SF building once a Mortuary closed for several years would be a perfect Tear-Down to build low-income housing! The property is in an Enterprise Zone, TOC Tier 2 with a current zoning of C1-VL. Could possibly build a 3-4-story low-income apartment building (must check with the city). The seller has obtained a Phase 1 Report on the property and the Phase 1 Engineer recommends doing a Phase 2 inspection. Any interested parties would have to do their own investigations with the City of Los Angeles. The sellers make no guarantees or warranties, and the property is sold As-Is. WARNING: No one is allowed to enter the building . Please contact the co- listing broker, Robert Leighton, for any further information. DO NOT ATTEMPT TO GO ON THE PROPERTY WITHOUT PERMISSION AND PROPER SUPERVISION. .
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