198 s Commonwealth AveLos AngelesCaliforniaEstados Unidos90004
Comercial en Venta ubicado en 198 s Commonwealth Ave Los Angeles California 90004 Estados Unidos con 8 cuartos de baño es actualmente en Venta, 198 s Commonwealth Ave Los Angeles California 90004 Estados Unidos está disponible por USD3,000,000. Si el inmueble ubicado en 198 s Commonwealth Ave Los Angeles California 90004 Estados Unidos no es lo que está buscando, busque California inmuebles para ver más Comercial en Venta en Los Angeles .
Nº de MLS: 23-339495
USD3,000,000
- Mínimo espacio privativo
- 788m² (8,486ft²)
Características de la propiedad
Detalles de la construcción
- Año de construcción
- 1924
Área
- Área de la propiedad
- 788m² (8,486ft²)
- Área del terreno/predio
- 30,100,518m² (7,438ac)
- Cuartos de baño
- 8
Descripción
Attention 1031 exchange funds and astute investors! An unparalleled investment opportunity awaits in the heart of Los Angeles at 198 S Commonwealth Ave, a well maintained building with pride of ownership, updates and upgrades which include, mini split HVAC in some units, updated units, stainless steel appliances. Presenting a prime commercial property in the thriving Wilshire Center district, where cultural diversity and urban vitality intersect. This strategically located asset offers tremendous potential for savvy investors seeking to maximize their 1031 exchange funds. Embrace the dynamic spirit of this bustling neighborhood, where a myriad of shops, eateries, and businesses flourish, ensuring a steady flow of foot traffic and consumer demand.Set your sights on the endless possibilities this property holds. With its proximity to renowned Korean barbecue restaurants, trendy cafes, and specialty stores, capitalize on the vibrant retail landscape that has made this district a sought-after destination for locals and visitors alike. Transportation convenience further enhances the investment appeal. Multiple bus lines and the Wilshire/Vermont Metro station offer seamless connectivity, facilitating easy access for patrons from across the city. This accessibility, coupled with the neighborhood's central location, ensures strong demand and long-term growth potential. 100% Occupied. Rents are at or near market value with room for growth in monthly income. Rent Control Rent Increase freeze is being lifted in February 2024 with a 4% allowable rental increase. All tenants are on month to month. Historically low to no vacancies. Pictures are from various units in the building from the recent past. SqFt of units is estimated. Drive by only! DO NOT disturb tenants.