2603 Hauser Boulevard, Los Angeles CA, 90016
(Active)
$2,150,000
|
5,868 sqft
|
MLS# 23332401
Last Updated: 5/8/2024 11:01 PM
Description for
2603 Hauser Boulevard
Los Angeles, CA 90016
We are pleased to present a 5,868 SF retail strip-center located at 2603 Hauser Boulevard in Los Angeles, California. The subject property is located in a prime West Adams location south of West Adams Boulevard and east of Fairfax Avenue. Built in 1929, this property contains eleven (11) retail spaces averaging 516 SF each. The property is situated on a signalized hard corner along West Adams Boulevard, providing excellent traffic counts and solid building frontage. All tenants are on gross month-to-month leases. The property is designated within the commercial corridor subarea per the West Adams CPIO, which is currently promoting a "main street" shopping experience by providing direction for the adaptive reuse of existing structures. The site offers Tier 1 TOC benefits for residential redevelopment, allowing for favorable development standards. In addition to TOC, the site is also eligible for ED1 utilizing State Density Bonus with reduced parking under AB 2097. Tenants will love being within walking distance to incredible West Adams amenities such as Mizlala, Tartine, Vees Cafe, Alta, MIAN West Adams, and many more. Situated in a prime West Adams location in an opportunity zone, this offering presents an excellent opportunity for any investor to capitalize on adding value along a revitalizing main thoroughfare or redeveloping in one of the most up-and-coming markets of Los Angeles.
Price
$2,150,000
Los Angeles
5,868 (approx)
23332401
Active
Description
We are pleased to present a 5,868 SF retail strip-center located at 2603 Hauser Boulevard in Los Angeles, California. The subject property is located in a prime West Adams location south of West Adams Boulevard and east of Fairfax Avenue. Built in 1929, this property contains eleven (11) retail spaces averaging 516 SF each. The property is situated on a signalized hard corner along West Adams Boulevard, providing excellent traffic counts and solid building frontage. All tenants are on gross month-to-month leases. The property is designated within the commercial corridor subarea per the West Adams CPIO, which is currently promoting a "main street" shopping experience by providing direction for the adaptive reuse of existing structures. The site offers Tier 1 TOC benefits for residential redevelopment, allowing for favorable development standards. In addition to TOC, the site is also eligible for ED1 utilizing State Density Bonus with reduced parking under AB 2097. Tenants will love being within walking distance to incredible West Adams amenities such as Mizlala, Tartine, Vees Cafe, Alta, MIAN West Adams, and many more. Situated in a prime West Adams location in an opportunity zone, this offering presents an excellent opportunity for any investor to capitalize on adding value along a revitalizing main thoroughfare or redeveloping in one of the most up-and-coming markets of Los Angeles.
Listing Information
| Property Type: Business Opportunities, 1 Story | ||
| 0.17 Acres | 5,868 (approx) | 1929 |
| 1 | ||
1 Total
Neighborhood
Room Information
Interior Features
Other,
Wall Furnace
Exterior / Lot Features
0 Covered Parking Spaces,
LAC2
Corner Lot
Driving Directions
The subject property is located in a prime West Adams location south of West Adams Boulevard and east of Fairfax Avenue.
Financial Considerations
| 5048028006 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90016 has a population of 3,956,168.
The median household income in Los Angeles, California 90016 is $51,463. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90016 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/4/2024 | Active | $2,150,000 USD -14.00% |
|
| 11/15/2023 | Active | $2,500,000 USD |
|