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    7051 3rd Ave

    Los Angeles, CA 90043
    • $999,999
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: 21-724492
    UPDATED: 95 min ago
    $999,999
    • 5
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,808
      SQFT
    • $208
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Are you looking for a potential Redevelopment Opportunity? Look NO further. Located MINUTES away from Inglewood's New So-Fi Stadium, we are pleased to Offer for Sale, a 100% VACANT, LAC2-1VL-CPIO (Mixed-Use Limited Commercial) zoned:2501 W. Florence Ave, 1.5 story Commercial Building (2,272 sqft) has a commercial kitchen with upstairs Artist Loft (616 sqft) =3,232 sqft and 7051-7055 3rd Ave, 2-story Triplex (1,920 sqft), (3+1) bed/bath unit on second floor & two (1+1) bed/bath units on first floor-all units are sub-metered for gas & electricity. Triplex was renovated in 2016: dual pane windows, granite counters, cabinets, updated plumbing, new roof, appliances, hardwood floors, doors, etc. TOTAL 4,808 sqft w/gated 6+parking on 8,087 sqft corner lot located on Florence/3rd Ave w/neighboring Multifamily properties on Florence and on 3rd Ave, a residential street full of Pride of Ownership landscaped beautiful Spanish SFR homes. NOT INTERESTED in Developing? THEN this property is also ideal for:Community Organization ,as a Rehab Center, Retail, Creative Office space, or a GREAT Owner-User Opportunity (house your business, live in one of the units AND have multiple tenants)!This property was previously used as a 14-bed transitional shelter & supportive services for female Veterans. Prior usage as a Speakeasy establishment. Buyer to perform own due diligence

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/116529472
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    7051 3rd Ave Los Angeles, CA 90043

    • Price: $999,999
    • Status: Active
    • Updated: 95 min ago
    • MLS #: 21-724492
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,808
    SQFT
    $208
    $/SQFT
    1951
    Built
    Neighborhood:
    Park Hills Heights
    County:
    Los Angeles
    Area:
    Park Hills Heights
    Property Description
    Are you looking for a potential Redevelopment Opportunity? Look NO further. Located MINUTES away from Inglewood's New So-Fi Stadium, we are pleased to Offer for Sale, a 100% VACANT, LAC2-1VL-CPIO (Mixed-Use Limited Commercial) zoned:2501 W. Florence Ave, 1.5 story Commercial Building (2,272 sqft) has a commercial kitchen with upstairs Artist Loft (616 sqft) =3,232 sqft and 7051-7055 3rd Ave, 2-story Triplex (1,920 sqft), (3+1) bed/bath unit on second floor & two (1+1) bed/bath units on first floor-all units are sub-metered for gas & electricity. Triplex was renovated in 2016: dual pane windows, granite counters, cabinets, updated plumbing, new roof, appliances, hardwood floors, doors, etc. TOTAL 4,808 sqft w/gated 6+parking on 8,087 sqft corner lot located on Florence/3rd Ave w/neighboring Multifamily properties on Florence and on 3rd Ave, a residential street full of Pride of Ownership landscaped beautiful Spanish SFR homes. NOT INTERESTED in Developing? THEN this property is also ideal for:Community Organization ,as a Rehab Center, Retail, Creative Office space, or a GREAT Owner-User Opportunity (house your business, live in one of the units AND have multiple tenants)!This property was previously used as a 14-bed transitional shelter & supportive services for female Veterans. Prior usage as a Speakeasy establishment. Buyer to perform own due diligence
    Exterior Features

    Lot Size Area 8087 Other Structures None Parking Garage GatedSide By SideTandemUncoveredParking Space Total Parking 6

    Interior Features

    Baths Total 5.00 Common Walls Attached Cooking Appliances Gas Cooling Wall Unit(S) Equipment Gas Dryer Hookup Heating CentralWall Laundry In UnitCommunity

    Property Features

    Assessed Total Value 380347 Gross Income 113604 Gross Operating Income 120450 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Net Operating Income 76889.00 Number Of Buildings 2 Number Of Units 5 Owner Pays WaterGardener Sale Type Standard Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 38873 Type Of Units 5 Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Taunee English DRE#01475921 of Exp Realty Of California Inc.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    74199 El Paseo, Suite 200
    Palm Desert CA, 92260