MLS® ID: 18401720
116 S AVENUE 64
Los Angeles, California, 90042 $2,488,000
$100,000 PRICE REDUCTION! GREAT INVESTMENT OPPORTUNITY FOR A MIXED USE OWNER OCCUPY W/ UPSIDE. This exquisite Victorian trophy property has been meticulously restored & redesigned by acclaimed interior designer Joshua Cain. Located in the Highland Park HPOZ, home to a number of LA's hippest retail tenants. There are 2 lots that are tied together for over 12,000 sq. ft. of space w/ plenty of room to construct 4 four story townhomes, see renderings in attached DOCS .There are currently 5 total units w/ the ground flr front unit being a light & bright commercial space well suited for retail or offices. Currently a Med Spa see rendering in DOCS. Ideal for owner/occup use by an attorney, artist, retail shop or a variety of other businesses. There are 3 luxury rental units w/exquisite interior finishes; these units include washer/dryers, dishwashers. There is one rent-controlled tenant in the unrestored 5th unit. Abundant parking w/ 12 ground spaces & 4 garage spaces. W/ a CAP rate of 6.