Description
Trust Sale. NO Court Confirmation required. For sale AFTER 40 years! 18-unit Mixed-use property located in the heart of Koreatown. Unit mix 10 x 1 bed 1 bath, 1 x 1 bed 3 bath & 1 x 2 bed 1 bath residential units, plus 6 commercial units. Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces, listed separately on MLS#25495893 for $1.3MM. Both properties to be sold together. Existing building is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. 100% leased and separately metered for both gas and electricity for residential. Property need rehab and updating. Sold AS IS and WHERE IS with current tenants in place. Minutes away from Downtown LA, Staples Center, LA Live, Restaurants, major attractions, and USC. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Trust Sale. NO Court Confirmation required. For sale AFTER 40 years! 18-unit Mixed-use property located in the heart of Koreatown. Unit mix 10 x 1 bed 1 bath, 1 x 1 bed 3 bath & 1 x 2 bed 1 bath residential units, plus 6 commercial units. Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces, listed separately on MLS#25495893 for $1.3MM. Both properties to be sold together. Existing building is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. 100% leased and separately metered for both gas and electricity for residential. Property need rehab and updating. Sold AS IS and WHERE IS with current tenants in place. Minutes away from Downtown LA, Staples Center, LA Live, Restaurants, major attractions, and USC. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-17T16:31:34.95. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.