Welcome to 1359 Hope St, an exceptional investment opportunity located in the vibrant heart of Los Angeles. This industrial Live/Work building offers a 6% capitalization rate, making it a valuable addition to any real estate portfolio.Situated just a stone’s throw from the renowned Crypto Arena, this property provides unparalleled convenience and access to a lively, forward-thinking community. The surrounding neighborhood thrives with energy, drawing a diverse blend of residents, entrepreneurs, and innovators. Currently home to a successful Jean Manufacturing Business, the building’s unique R5 zoning allows for a versatile range of uses. Office space has been converted into a Residential Unit. 2 bedroom, 3 bathrooms. Completely gated, rear entry gates for loading/unloading. Whether you’re looking to establish a creative workspace, an artist’s studio, a tech startup, or a cutting-edge retail space, this property is designed to fit your vision.This property offers tremendous possibilities for growth and success!
Property Details
Price:
$3,999,999
MLS #:
24435943
Status:
Active
Baths:
0
Address:
1359 S Hope Street
Type:
Commercial
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Sep 8, 2024
State:
CA
ZIP:
90015
Year Built:
1927
Schools
Interior
Exterior
Parking Spots
10.00
Security Features
Automatic Gate, Carbon Monoxide Detector(s), Firewall(s)
Stories Total
1
Financial
Map
Contact Us
Mortgage Calculator
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Courtesy of eXp Realty of California Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 1359 S Hope Street
Los Angeles, CA
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