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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$739,000

Est. payment - /mo

6,825 Sqft Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID RS26017487

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1926

Lot Size 6,825 Sqft

Property Sub-Type Mixed Use

Property Description

Prime Value-Add Mixed-Use Opportunity! Income + Redevelopment Upside. Attention investors, developers, and owner-users, this is the opportunity you've been waiting for. Rarely available mixed-use commercial/residential income property located in the Huntington Park Annex, positioned at the intersection of cash flow, value-add, and future redevelopment potential under California's most impactful housing legislation. The property features five total units, including three residential units and two street-front retail storefronts, offering diversified income streams and strong upside. The residential unit mix includes a 1-bedroom/1-bath, 2-bedroom/1-bath, and a large 4-bedroom/2-bath unit, ideal for maximizing rental demand and repositioning potential. The retail storefronts enjoy excellent visibility and are well-suited for owner-users, service-based businesses, or continued leasing. The property requires repairs and capital improvements, making it an ideal acquisition for investors seeking a true value-add play. Bring your contractor and your vision - this asset is ready to be repositioned for higher income and long-term appreciation. With the passage of AB 2011 and SB 6, certain mixed-use and commercial properties may qualify for residential conversion, adaptive reuse, or increased residential density, subject to buyer's independent verification and compliance with all applicable requirements. These laws, effective through July 1, 2033, create a powerful window of opportunity to unlock additional units, reconfigure existing space, or redevelop to meet the severe housing shortage across Los Angeles County. Perfect for:
1) Investors seeking current income with redevelopment upside, 2) 1031 exchange buyers looking to defer taxes and add value. 3) Developers targeting density and adaptive reuse opportunities. 4) Owner-users who want to operate a business while generating rental income. Properties offering this combination of location, mixed-use zoning, legislative tailwinds, and value-add potential are becoming increasingly scarce. High demand urban corridor. Strong upside. Time-sensitive opportunity. Buyer to conduct all investigations regarding zoning, permits, unit count, condition, and potential uses. Submit offers - this asset will not last.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Assigned

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban

View Y/N No

View None

Roof Type Composition,Flat

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 6009008012

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 504.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Tony Lopez Coldwell Banker Envision 562-762-7403, DRE #01752038

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6007 Holmes Los Angeles, CA 90001