The median home value in Los Angeles, CA is $1,122,500.
the county median home value of $740,000.
The national median home value is $277,796.
The average price of homes sold in Los Angeles, CA is $1,122,500.
Approximately 45.33% of Los Angeles homes are owned,
compared to 47.42% rented, while
5.37% are vacant.
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We are pleased to present this vacant two bedroom house + occupied commercial unit located in the bustling neighborhood of Boyle Heights in East Los Angeles. The property consists of two completely separate buildings. The first building is a 2 bedroom and 1 bathroom freestanding vacant house. The second building is a small music and guitar store that has been at this location for over 15 years. Each unit has its own parking. The two units are separated by a gate and although they are on the same parcel, they feel like two separate properties. MAJOR UPSIDE POTENTIAL- The vacant house is ready to be renovated and either occupied by the new owner or rented for excellent cash flow. SHORT TERM LEASE- The commercial units lease expires on July 10th, 2023, giving added flexibility. The Tenant would like to stay if the Buyer allows. SEPERATE METERS- All utilities are separately metered including electricity, water, and gas- this keeps operating expenses as landlord extremely low.
Building currently used as a Place of Worship, this building is filled with intricate architectural design. Exterior has been given an updated look. Inside is a opera theater style worship sanctuary with first level and second level balcony seats and high ceilings. Adjacent to the main sanctuary is the Multi-purpose Fellowship Hall with 2 roll up walls connecting to the main stage to fit more audience for occasion's overflow. The facility also offers many rooms for administrative offices and a few larger size room for bigger classroom style settings and several other smaller size rooms for different uses. There is a child care area, and several (4) bathrooms to accommodate a busy setting. The property is also equipped with a fully functional remodeled kitchen. Zimas states zoning is LARD2-1-CUGU.
This Church property, situated on the corner of S. St Louis St and 2nd St. in the Los Angeles community of Boyle Heights, consists a decent 12,242 sqft building area and 11,840 sqft lot. Its building, having a sanctuary as well as a second level balcony both with fixed seats and having a multi-purpose fellowship hall with a functional kitchen and 4 restrooms, could easily accommodate a good attendance. It also includes some offices for administrative use and small classrooms for various age groups. The property has easy access to 5 and 101 Freeways. Church/Business Entity is relocating. Only the Church real estate structure/property is for sale. Property may be a historical site. MLS information not guaranteed by the LO/LA. Buyer to verify all information provided on the MLS. Property will be sold in as is condition.