Property Listing No Longer Available for Sale

2010 Stanford Ave, Los Angeles, CA

Multi-family for Sale - $1,750,000 - 11,650 Sq. Ft. on 12000 acres

Property Info

CIMLS #1025237
Location2010 Stanford Ave
Los Angeles CA 90011
Last UpdatedSeptember 8th, 2018
Building11,650 Sq. Ft.
Land12000 acres
DemographicsView data

Property Description

Wow! Rare Opportunity! Double R2 Lot For Sale in Downtown L.A. 90011! Possible To Build Up To 13 Units, TOC Tier3-buyer to verify. Property (1) is a 4plex, b1902 with about 3k per month income at 2487sf currently all occupied. Property (2) has a SFR, b.1902, 2002sf 3B/1BA AND a Non-Conforming Commercial Bldg 7200sf, 4 floors/5 Story about 1800sf each with a bathroom on each floor and full city views. The building was built in 1912 and has one of those old time hydraulic lift elevator systems. Building was also EQ retrofitted which is great news. The current use on property 2 is industrial and has been a printing company for a long time. Non-Conforming, possible convert to 4 awesome downtown loft apts with upto 9 other apts on this lot that also is adjacent to an alley for ingress/egress advantage. Truly a rare find in an area that is ripe for change. Less than 2 miles from USC and a $5 Uber ride to D.T.L.A. I hear. Both 4plex and SFR have been updated with copper plumbing. Can generate income during planning phase of new construction. This sale is subject to tenants' rights in RSO area. This sale is subject to seller finding replacement property and shall be doing a 1031x. Drive by only. Showings with accepted offer only. Owner Occupied DO NOT DISTURB or walk on property. Seller shall do no repairs or termite completion. CASH only due to non-conforming industrial building. APN# 5131010001 & 5131010002 are part of this sale

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