198 s Commonwealth AveLos AngelesCalifornieÉtats-Unis90004
Commerciale à Vente situé au 198 s Commonwealth Ave Los Angeles Californie 90004 États-Unis avec 8 salles de bain est actuellement à Vente, 198 s Commonwealth Ave Los Angeles Californie 90004 États-Unis est disponible à 3 000 000 $US. Si la propriété située au 198 s Commonwealth Ave Los Angeles Californie 90004 États-Unis n'est pas ce que vous recherchez, recherchez Californie biens immobiliers pour en voir plus Commerciale à Vente en Los Angeles .
#MLS: 23-339495
3 000 000 $US USD
- Surface vendable minimum
- 788m² (8 486ft²)
Caractéristiques de la propriété
Détails sur la construction
- Année de construction
- 1924
Superficie
- Superficie de la propriété
- 788m² (8 486ft²)
- Superficie du terrain/lot
- 30 100 518m² (7 438ac)
- Salles de bain
- 8
Description
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.
Emplacement
v1.3.0