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1252 S Lake Street Los Angeles CA 90006 MLS #25491881

Trust Sale. NO Court Confirmation required. For sale AFTER 40 years! 18-unit Mixed-use property located in the heart of Koreatown. Unit mix 10 x 1 bed 1 bath, 1 x 1 bed 3 bath & 1 x 2 bed 1 bath residential units, plus 6 commercial units. Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces, listed separately on MLS#25495893 for $1.3MM. Both properties to be sold together. Existing building is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. 100% leased and separately metered for both gas and electricity for residential. Property need rehab and updating. Sold AS IS and WHERE IS with current tenants in place. Minutes away from Downtown LA, Staples Center, LA Live, Restaurants, major attractions, and USC. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.

Property Details

Price:
$2,500,000
MLS #:
25491881
Status:
Active
Baths:
0
Address:
1252 S Lake Street
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Feb 18, 2025
State:
CA
ZIP:
90006
Year Built:
1914

Schools

Interior

Heating
Wall Furnace

Exterior

Parking Spots
25.00
Roof
Flat
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Stories Total
2
Water Source
Public

Financial

Map

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1252 S Lake Street
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