Los Angeles, CA 90042 120 S Avenue 64

Sold: May 02, 2024
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Presented By: Marisa Tranquilli with Keller Williams Larchmont;
  • MLS# 24348293
  • 01/17/2024
  • Request Tour
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  • BedBeds • 5
  • BathBaths • 6
  • FootageSQFT • 4,371

Home Details

Extraordinary Investment Opportunity for Thrilling Mixed-Use Ownership with Limitless Potential. Brace yourself for this captivating Victorian treasure, meticulously reenergized and reimagined by acclaimed interior designer Joshua Cain. Tucked within the vibrant Highland Park HPOZ, a hub buzzing with LA's trendiest retail hotspots. Among the six existing units, the ground floor hosts 2 radiant commercial spaces, tailor-made for bustling retail activity or a dynamic office setup. Currently home to a thriving medi spa and a hair salon, this area is a playground for innovation, ready to accommodate legal practices, art studios, boutique ventures, and beyond. As if that's not enough, there are four rental units that can remain residential or turned into office space. This meticulously refurbished late 19th-century gem beckons both daring owner-occupiers and astute investors to seize an extraordinary opportunity in the coveted Highland Park scene. With an investment of approximately $1.5 million, this restoration project has infused the property with unparalleled value and quality. As mentioned this property boasts two dynamic commercial units. Coupled with these are four residential apartments: two inviting studio bedroom units, and two airy three-bedroom units which can be used as a 30 day+ Airbnb immediately. A triumphant transformation has revitalized these residential units, breathing new life into their very core. All units can be delivered vacant at COE. Additionally, commercial tenants and occupants of the studio-bedroom units are open to staying after COE, adding more appeal to this amazing investment. The adjacent parking lot address 116 S. Ave. 64, APN - 5492036032 is included in this sale.
Presented By: Marisa Tranquilli with Keller Williams Larchmont;

General for 120 S Avenue 64

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Refrigerator, Dryer, Washer
Architectural StyleVictorian
Attached Garage No
Cap Rate5.28
Carport Y/NNo
CityLos Angeles
Close Price2872698.0
CoolingCentralAir
CountyLos Angeles
Days on Market2
DirectionsGoogle Maps, Apple Maps
Garage Y/NNo
Gross Income181020.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6007.0
MLS Area632 - Highland Park
MobileHomeRemainsYNNo
Net Operating Income119065.0
New ConstructionNo
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Stories2
Street NameAvenue 64
Total Units6
View Y/NNo
Waterfront Y/NNo
Year Built1900
ZoningLARD1.5

Interior for 120 S Avenue 64

1/4 Baths
3/4 Baths
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Full Baths0
Half Baths0
Heating Y/NYes
Total Baths6
Total Bedrooms5
Total Stories2

Exterior for 120 S Avenue 64

Building Area Total4371.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1379
Lot Size Area6007.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesUncovered
SpaNo
Total Parking6.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,100,000
MLS#24348293
List Date 01/17/2024
Property Type Multi-Family
Phone 714.964.3311
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