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1239 S La Cienega Boulevard

Los Angeles (City), CA 90035
  • $3,100,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: 24407831
UPDATED: 88 min ago
$3,100,000
  • 8
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,842
    SQFT
  • $453
    $/SQFT
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Nir Yacoby of AAPM Inc. (310-765-4308)


Description

A walking distance from the new Purple Line and the Beverly Hills Park. May be purchased with the adjacent property which has a different APN but owned by the same owner. There's a HUGE Billboard that generates about $3,000/mo income. Mineral rights. Sitting on a generous 7,000 sq ft lot that zoned Commercial, this is a perfect opportunity to redevelop the asset and reposition it in a way more aligned with its unique location. The property hasn't traded in over 40 years - don't miss on an opportunity to own a heirloom.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-13T16:35:07.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/151986650
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1239 S La Cienega Boulevard Los Angeles (City), CA 90035

  • Price: $3,100,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 88 min ago
  • ID#: 24407831
8
Beds
0
Baths
0
½ Baths
0.16
Acres
6,842
SQFT
$453
$/SQFT
1950
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
A walking distance from the new Purple Line and the Beverly Hills Park. May be purchased with the adjacent property which has a different APN but owned by the same owner. There's a HUGE Billboard that generates about $3,000/mo income. Mineral rights. Sitting on a generous 7,000 sq ft lot that zoned Commercial, this is a perfect opportunity to redevelop the asset and reposition it in a way more aligned with its unique location. The property hasn't traded in over 40 years - don't miss on an opportunity to own a heirloom.
Exterior Features

Attached Garage YN No Parking Total 6

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.2 Gross Income 208332 Laundry Features None Levels Multi/Split Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 128696 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-13T16:35:07.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372962805-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372962805-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372962805-2.jpg
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Nir Yacoby of AAPM Inc. (310-765-4308)