$2,872,698
$3,100,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
120 S Avenue 64 Los Angeles, CA 90042
5 Beds
6 Baths
4,371 SqFt
Key Details
Sold Price $2,872,698
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,371 sqft
Price per Sqft $657
MLS Listing ID 24-348293
Sold Date 05/02/24
Style Victorian
Bedrooms 5
Year Built 1900
Lot Size 6,007 Sqft
Acres 0.1379
Property Description
Extraordinary Investment Opportunity for Thrilling Mixed-Use Ownership with Limitless Potential. Brace yourself for this captivating Victorian treasure, meticulously reenergized and reimagined by acclaimed interior designer Joshua Cain. Tucked within the vibrant Highland Park HPOZ, a hub buzzing with LA's trendiest retail hotspots. Among the six existing units, the ground floor hosts 2 radiant commercial spaces, tailor-made for bustling retail activity or a dynamic office setup. Currently home to a thriving medi spa and a hair salon, this area is a playground for innovation, ready to accommodate legal practices, art studios, boutique ventures, and beyond. As if that's not enough, there are four rental units that can remain residential or turned into office space. This meticulously refurbished late 19th-century gem beckons both daring owner-occupiers and astute investors to seize an extraordinary opportunity in the coveted Highland Park scene. With an investment of approximately $1.5 million, this restoration project has infused the property with unparalleled value and quality. As mentioned this property boasts two dynamic commercial units. Coupled with these are four residential apartments: two inviting studio bedroom units, and two airy three-bedroom units which can be used as a 30 day+ Airbnb immediately. A triumphant transformation has revitalized these residential units, breathing new life into their very core. All units can be delivered vacant at COE. Additionally, commercial tenants and occupants of the studio-bedroom units are open to staying after COE, adding more appeal to this amazing investment. The adjacent parking lot address 116 S. Ave. 64, APN - 5492036032 is included in this sale.
Location
State CA
County Los Angeles
Area Highland Park
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
Exterior
Garage Uncovered
Garage Spaces 6.0
Building
Story 2
Sewer In Street
Architectural Style Victorian
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Keller Williams Larchmont
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Broker | License ID: DRE#01976964