7051 3rd Avenue, Los Angeles CA, 90043
(Active)
$1,750,000
|
4,808 sqft
|
MLS# PW24036337
Last Updated: 5/8/2024 2:05 AM
Description for
7051 3rd Avenue
Los Angeles, CA 90043
Welcome to 7051 3rd Ave., a prime mixed-use building nestled in the vibrant heart of Los Angeles. This versatile property offers a unique opportunity for an owner-user taking advantage of SBA financing, investors, entrepreneurs, and developers alike. Featuring a strategic location, 90043 zip code, this property enjoys excellent visibility and accessibility; Sofi Stadium, Intuit Dome, The Forum, USC, Inglewood Transit Line, Edward Vincent Park, Leimert Park Village, Baldwin Hills Crenshaw Plaza and more The commercial building is ideal for retail, office space, or a restaurant (commercial hood exists) + detached residential triplex. Triplex mix is a 3/1 + (2) 1/1s. Rare opportunity to acquire a virtually vacant property in a growth trending neighborhood. Currently one tenant in place renting one of the one bedroom units. Commercial building is has it's own addresses of 2501, 2503 Florence Ave., is approx 2,808 square feet and offers 70' of frontage. Zoning LA C2. Corner Lot. Per architect / land use consultant for multifamily development option: Yield may be 23-83 potential units. Buyer to verify, listing agent has not verified and does not warrant accuracy of this information.Each unit has individual gas and electric meters. One water meter. Inside laundry for 3 bedroom apartment and commercial building. Priced at a conservative proforma 5 CAP this property offers a unique and rare opportunity that offers a plethora of options.
Price
$1,750,000
Los Angeles
4,808 (approx)
PW24036337
Active
Description
Welcome to 7051 3rd Ave., a prime mixed-use building nestled in the vibrant heart of Los Angeles. This versatile property offers a unique opportunity for an owner-user taking advantage of SBA financing, investors, entrepreneurs, and developers alike. Featuring a strategic location, 90043 zip code, this property enjoys excellent visibility and accessibility; Sofi Stadium, Intuit Dome, The Forum, USC, Inglewood Transit Line, Edward Vincent Park, Leimert Park Village, Baldwin Hills Crenshaw Plaza and more The commercial building is ideal for retail, office space, or a restaurant (commercial hood exists) + detached residential triplex. Triplex mix is a 3/1 + (2) 1/1s. Rare opportunity to acquire a virtually vacant property in a growth trending neighborhood. Currently one tenant in place renting one of the one bedroom units. Commercial building is has it's own addresses of 2501, 2503 Florence Ave., is approx 2,808 square feet and offers 70' of frontage. Zoning LA C2. Corner Lot. Per architect / land use consultant for multifamily development option: Yield may be 23-83 potential units. Buyer to verify, listing agent has not verified and does not warrant accuracy of this information.Each unit has individual gas and electric meters. One water meter. Inside laundry for 3 bedroom apartment and commercial building. Priced at a conservative proforma 5 CAP this property offers a unique and rare opportunity that offers a plethora of options.
Listing Information
| Property Type: Mixed Use, Business Opportunities, 2 Story | ||
| 0.19 Acres | Assessor | 4,808 (approx) |
| 1951 | 2 | |
Public
Neighborhood
Room Information
Laundry Room
Exterior / Lot Features
0 Covered Parking Spaces,
Driving Directions
Florence / Van Ness
Financial Considerations
| 4008022004 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90043 has a population of 3,956,168.
The median household income in Los Angeles, California 90043 is $57,043. 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 90043 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 |
|---|---|---|---|
| 2/26/2024 | Active | $1,750,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2020 | $5,391 USD | 3.55% | $380,347 USD | - |
| 2019 | $5,206 USD | 3.52% | $380,347 USD | 2.00% |
| 2018 | $5,029 USD | 1.93% | $372,890 USD | 2.00% |
| 2017 | $4,934 USD | 3.37% | $365,579 USD | 4.04% |
| 2016 | $4,773 USD | 715.12% | $351,384 USD | 1.52% |