Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

13

Building size

8,576 sqft

Lot size

7,644 sqft

Year built

1930

Stories

2

Heating

Wall Furnace

Cooling

None

Status

Active

Days on market

38

MLS #

246871562

About this property

SPECTACULAR NEW PRICE REDUCTION PRIME MELROSE HILL MIXED-USE INVESTMENT OPPORTUNITY! Newly Priced to Sell! An exceptional opportunity for savvy investors to acquire a mixed-use income-producing property in the highly desirable Melrose Hill neighborhood of East Hollywood! This property offers an attractive combination of commercial and residential income, featuring three street-facing retail spaces with excellent visibility along busy Western Avenue, plus 10 studio units located at the rear with convenient private alley access. Investors will appreciate the diversified income potential, established neighborhood, and exciting possibilities for future growth and appreciation. Ideally situated near popular dining, shopping, thriving businesses, residential communities, and public transportation, this property is positioned in one of Los Angeles' evolving urban markets. With a spectacular new lower asking price, this is an opportunity worth a closer look! Whether you're expanding your investment portfolio or seeking a well-located mixed-use asset with long-term upside potential, this property deserves your attention. Bring your vision, explore the possibilities, and take advantage of the seller's new pricing!

Location

904 N Western Avenue

Los Angeles, Los Angeles, CA, 90029