Rosano Partners is pleased to present the opportunity to acquire a two-unit, mixed-use property in the heart of Los Angeles. Built in 1940, The subject property consists of a three-bedroom 1 bath home and a large 880 sqft front unit, which may be used for commercial purposes as the property enjoys a C-2 zoning designation. This 2,441 sqft property sits on a 6,505 sqft lot.

The commercial space which is currently an office may be utilized by an owner-user, or it can be rented out for income to help pay the mortgage. The space has just been cleaned and will be delivered vacant.

Add value to this deal by updating the three-bedroom one-bathroom home and consider converting the front commercial unit to a large two-bedroom unit, to maximize rental income.

The three-bedroom one-bathroom is currently rented at $1600/mo. (well below market rate) and boasts several unique features. There is a foyer, and a den (another potential bedroom conversion), as well as a breakfast room. The property has a lot of its original craftsman details and charm.

Buyer to do own due diligence. Property to be sold as-is.

Location Description:

The subject property is situated on 4209 S Western Ave, near Exposition park, The Coliseum and USC. The property is between W Martin Luther King Jr. Blvd and W Vernon Ave. It is close to the 110 Freeway and less than a mile from the Metro Expo Line (806) providing easy access to Downtown, Long Beach, North Hollywood and Santa Monica. Nearby parks include Martin Luther King Junior Park, Thirty-Eighth and Normandie Park and Vermont Square. Being less than a mile from many schools, restaurants, and entertainment options, the subject property allows tenants to benefit from the local offerings and transportation.

Highlights:

>> C2 Zoning

>> Development Opportunity

>> Value Add Opportunity

>> Strong Rental Demand Market

>> 10 minutes to Exposition Park, The Coliseum and USC

* Email for additional photos

Sales Info:

>> Commision split: 2.0%