Los Angeles, CA 90042,120 S Avenue 64
Los Angeles, CA 90042,120 S Avenue 64
Los Angeles, CA 90042,120 S Avenue 64
Los Angeles, CA 90042,120 S Avenue 64
Los Angeles, CA 90042,120 S Avenue 64
Los Angeles, CA 90042,120 S Avenue 64
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$2,872,698

$3,100,000

7.3%
Est.Price: ?

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Est. payment /mo

5 Beds

6 Baths

4,371 SqFt


SOLD DATE : 05/02/2024

Key Details

Sold Price $2,872,698

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,371 sqft

Price per Sqft $657

MLS Listing ID 24348293

Sold Date 05/02/24

Bedrooms 5

HOA Y/N No

Year Built 1900

Lot Size 6,006 Sqft

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 632 - Highland Park

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Uncovered

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Sewer Other

Architectural Style Victorian

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5492036031

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Marisa Tranquilli • Keller Williams Larchmont
Bought with Marisa Tranquilli • Keller Williams Larchmont
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