The median home value in Los Angeles, CA is $1,002,500.
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the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Los Angeles, CA is $1,002,500.
Approximately 45.51% of Los Angeles homes are owned,
compared to 47.38% rented, while
5.3% are vacant.
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Are you geared up for an outstanding opportunity to acquire a 4-unit building that produces consistent cash flow, presenting promising avenues for expansion? Monthly Pro Forma Rent is $6,600 with a cap rate of 5.14%. Additionally, featuring 8 uncovered parking spaces in the back and additional parking across the street at the county library, it operates seamlessly like a finely tuned mechanism. Take swift action, as this opportunity is passing and will soon be gone.
The current business is a well - appointed day program. The environment is a classroom setting which is beautifully painted and decorated. This building has a multitude of uses.
Welcome to 7051 3rd Ave., a prime mixed-use building nestled in the vibrant heart of Los Angeles. This versatile property offers a unique opportunity for an owner-user taking advantage of SBA financing, investors, entrepreneurs, and developers alike. Featuring a strategic location, 90043 zip code, this property enjoys excellent visibility and accessibility; Sofi Stadium, Intuit Dome, The Forum, USC, Inglewood Transit Line, Edward Vincent Park, Leimert Park Village, Baldwin Hills Crenshaw Plaza and more The commercial building is ideal for retail, office space, or a restaurant (commercial hood exists) + detached residential triplex. Triplex mix is a 3/1 + (2) 1/1s. Rare opportunity to acquire a virtually vacant property in a growth trending neighborhood. Currently one tenant in place renting one of the one bedroom units. Commercial building is has it's own addresses of 2501, 2503 Florence Ave., is approx 2,808 square feet and offers 70' of frontage. Zoning LA C2. Corner Lot. Per architect / land use consultant for multifamily development option: Yield may be 23-83 potential units. Buyer to verify, listing agent has not verified and does not warrant accuracy of this information.Each unit has individual gas and electric meters. One water meter. Inside laundry for 3 bedroom apartment and commercial building. Priced at a conservative proforma 5 CAP this property offers a unique and rare opportunity that offers a plethora of options.
This is a mixed use property combining residential and commercial units. This used to be a 4 unit building but it was converted into 5 units by making one of the bottom units into 2 units. It sits on a corner lot and very centrally located. This can be an income producing property for the next owner for many years to come.
Location! Location! DEVELOPERS DREAM! Build 20 units by right or 40 units taking advantage of TOC Tier III incentives. Located in the Crenshaw Corridor Opportunity Zone (tax incentives for long-term investors) adjacent to prominent View Park neighborhood. Front line of the brand new $2.1 Billion LAX/Crenshaw Metro K Line walking distance to Vernon/Leimert Park and Crenshaw/Slauson Stations. C2 Zoned 9,148 sq ft lot. Eased parking - No Parking restrictions due to close proximity to Metro K Line stations! Current improvements include a SFR 1,946 sq ft + Garage Converted ADU 360 sq ft. Well maintained property with low maintenance allow you to instantly collect market value rent while you wait for the entitlement process! Or, purchase the adjacent lot with same lot dimensions to double the size of your project! Close proximity to major freeways, grocery stores, coffee shops, restaurants, schools, malls, BMO Stadium, SoFi Stadium, The Dome, The Forum. Exciting new developments in the area including the $1B redevelopment of Baldwin Hills-Crenshaw Plaza Mall, Crenshaw Crossing, 5300 Crenshaw Blvd 82 units under construction, 5144 Crenshaw Blvd 79 units under construction just to name a few. Need to complete a 1031 exchange? Look no further. Listing info deemed reliable but not guaranteed. Buyer to verify and satisfy themselves on ALL aspects of the property. No warranties expressed or implied.
This property boasts retail visibility along a major street. It is in a sought-after area that is rarely up for sale and neighboring communities has seen several development projects thanks to the new LAX/Crenshaw metro line. This can be a great office space, store front, club house, music studio, beauty salon, barber shop and the list goes on. The building is 1,000 square feet with a nice size lot at 2,840 square feet. It is a fixer upper that you can make your own. Parking in back as well as street parking. Make it yours today!Seeking cash offers. The property is offered "as-is". No financing contingencies. The Agent or Seller do not make any representations or warranties. Buyer to make their own investigations.
We are pleased to present the sale of 2710-2718 W Slauson Ave. Los Angeles, CA 90043 which consists of a 0.21-acre (9,497 square foot) development site, zoned C2-1VL-CPIO in Tier 3 Transit Orient Communities (TOC). The property is within close proximity to the new Crenshaw Line transit, dining, convenient stores, and entertainment. Centrally located between Inglewood/LAX/USC/SOFI Stadium and much more. Great opportunity to build 100% affordable housing with little to no parking, in a great Transit and Bike friendly neighborhood.
Discover an exceptional investment opportunity located in the heart of Los Angeles' vibrant and historic district of Leimert Park. This Commercial Mix-Use Property, resting on one of the city's most heavily trafficked thoroughfares, presents approximately 2500 sqft of usable space that can be tailored to a profitable multi-purpose use.This property's convenience, accessibility, and visibility on Crenshaw Blvd enhance its potential as a multifamily apartment or a mixed-use complex. The property has been partitioned into three units. Configured uniformly, the first unit has been completely rehabbed, boasting an upgraded bathroom and an upstairs mezzanine.
Great Investment opportunity , 4 commercial and 2 residentialmixed use, LAC2 zoning, walking distance to Crenshaw Metro Rail Line, excellent location.close to transportation, schools and much more.New electric panel.Lots of potential to develop
This property is being sold for land value only. Can be sold alone or together with two other lots 4924 and 4928 Crenshaw Blvd, for a total of 22854 square foot for ($5.700,000 ) Zoning LAC2. Can accommodate up to 85 apartment units, Can also be a mixed-use development. Located in a special opportunity zoning area of Los Angeles with tremendous tax benefits for private long-term investments. Brokers, Investors do your research.Your GoalsAbout UsSolutionsInsightsQualified Opportunity Zones: What Investors Should KnowOctober 2022 Print ShareFacebookTwitterskyscapper buildings and blue skyKey takeaways:The 2017 Tax Cuts and Jobs Act established the Qualified Opportunity Zone program to provide a tax incentive for private, long-term investment in economically distressed communities.Investors in these programs are given an opportunity to defer and potentially reduce tax on recognized capital gains.Tax savings are only available when investors retain the investment in the Qualified Opportunity Fund for the time frame stated.What this may mean for you:If you are facing a significant tax liability as a result of capital gains, investing in a Qualified Opportunity Fund may be worth exploring, provided you invest within a prescribed amount of time.What is an Opportunity Zone?An Opportunity Zone is a community nominated by the state and certified by the Treasury Department as qualifying for this program. The Treasury Department has certified zones in all 50 states; Washington, D.C.; and U.S. territories.1 A list can be found at the U.S. Department of Housing and Urban Development.How does this program work?To defer a capital gain (including net 1231 gains), a taxpayer has 180 days from the date of the sale or exchange of appreciated property to invest the realized capital gain dollars into a Qualified Opportunity Fund, an investment vehicle that files either a partnership or corporate federal income tax return and is organized for the purpose of investing in Qualified Opportunity. The fund then invests in Qualified Opportunity Zone property.The taxpayer may invest the return of principal as well as the recognized capital gain, but only the portion of the investment attributable to the capital gain will be eligible for the exemption from tax on further appreciation of the Opportunity Zone investment, as explained below. The Opportunity Zone program allows for the sale of any appreciated assets, such as stocks, with a reinvestment of the gain into a Qualified Opportunity Fund. There is no requirement to invest in a like-kind property to defer the gain.Note that a taxpayer who receives a reported capital gain from a flow-through entity, such as a partnership, an S-corporation, or a trust/estate, has the option to start the 180 day investment period on any of the following dates:the last day of the entity taxable year;the same date that the entity's 180 day period begins; orthe due date for the entity's tax return, without extensions, for the taxable year in which the entity realized the eligible gain. Qualified Opportunity Fund A Qualified Opportunity Fund is any investment vehicle that is organized as a corporation or a partnership for the purpose of investing in Qualified Opportunity Zone property (other than another Qualified Opportunity Fund) that holds at least 90% of its assets in Qualified Opportunity Zone property.Similar to other investments, an investment in a Qualified Opportunity Fund may increase or decrease in value over the holding period. In addition, income may be paid on this investment. Given that the purpose of the program is to improve particular areas, it is expected that the fund will continue to invest in the improvement of the property in which it is invested. Cash flow may occur once the property improvements are complete and the property is leased or sold to third parties.Because Qualified Opportunity Funds are income tax planning tools and are investment options for taxpayers, these investments may involve ris
This property is being sold for land value only. two lots 4924 and 4928 Crenshaw Blvd, are being sold together for a total of 15236 square foot for ($3.800,000 ) Zoning LAC2. Can accommodate up to 60 apartment units, Can also be a mixed-use development. Located in a special opportunity zoning area of Los Angeles with tremendous tax benefits for private long-term investments. Brokers, Investors do your research.
GREAT LOCATION ON SLAUSON AVENUE AND 8TH STREET AND A STOP LIGHT CONTROLLED INTERSECTION - CURRENTLY IS A MINI MARKET THAT HAS A DRIVE THROUGH WINDOW THERE IS A SECOND BUILDING THAT IS BEING USED AS RECORDING STUDIO - THEIR IS ENGRESS AND DEGRESS ENTRANCES ON 8TH STREET AND SLAUSON AVENUE - THEIR ARE PLANS AVAILABLE TO CONNECT TO 2 BUILDINGS WITH AN ADDITIONAL 1700 SQFT WITCH WOULD BRING THE TOTAL SQUARE FOOTAGE TO ABOUT 2300 SQUARE FOOT - IDEAL FOR EXSPANSION OR REDEVELOPEMENT
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