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Listed by EDMOND WU • LANDMARK LENDING REALTY
$ 1,389,000
Est. payment /mo
Active
1926 N Johnston ST Los Angeles, CA 90031
7,789 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS25165151
Year Built 1980
Lot Size 7,789 Sqft
Source California Regional MLS
Property Description
First time on the market property! Priced only at $335 per sq ft and $270,000 per unit with no RSO. This five-unit building consists of eleven beds and five baths in Lincoln Heights neighborhood, totalling 4,032 sq ft. Great location next to Chinatown, Art District, and many freeways (110 fwy, 5 fwy, 2 fwy, 101 fwy). There is a mix of four 2-bed 1-bath units and one 3-bed 2-bath unit. Two units have been completely renovated with new electric, plumbing, and cooling units, with new kitchens and bathrooms. The building was just painted for curb appeal. There are upside rents with three of the under-market units. Since the building was built in 1980, it is not under RSO, so rents can be caught up to market sooner. The property is on a large lot of 7789 square feet with RD-1 zoning. This allows for additional development opportunities in the future. Based on zoning, owners can add up to 4 more units on existing (but please verify with the city). Another cheaper alternative is adding an ADU by utilizing the six parking spaces under the building. The property is close to many new restaurants in Chinatown, Los Angeles State Historical Park, Dodger Stadium, San Antonio Winery, Elysium Park, Keck USC Hospital, and many other attractions, making it a great investment opportunity for ow
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Interior
Laundry None
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 5210023019
Special Listing Condition Not Applicable
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