The median home value in Los Angeles, CA is $755,000.
This is
lower than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Los Angeles, CA is $755,000.
Approximately 45.51% of Los Angeles homes are owned,
compared to 47.38% rented, while
5.3% are vacant.
Los Angeles real estate listings include condos, townhomes, and single family homes for sale.
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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) 1/1 s. 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.
This property boasts retail visibility along a major street. It is in a sought-after area that is rarely up for sale and neighboring communities has seen several development projects thanks to the new LAX/Crenshaw metro line. This can be a great office space, store front, club house, music studio, beauty salon, barber shop and the list goes on. The building is 1,000 square feet with a nice size lot at 2,840 square feet. It is a fixer upper that you can make your own. Parking in back as well as street parking. Make it yours today! Seeking cash offers. The property is offered "as-is". No financing contingencies. The Agent or Seller do not make any representations or warranties. Buyer to make their own investigations.
Great Investment opportunity , 4 commercial and 2 residential mixed use, LAC2 zoning, walking distance to Crenshaw Metro Rail Line, excellent location. close to transportation, schools and much more. New electric panel. Lots of potential to develop
GREAT LOCATION ON SLAUSON AVENUE AND 8TH STREET AND A STOP LIGHT CONTROLLED INTERSECTION - CURRENTLY IS A MINI MARKET THAT HAS A DRIVE THROUGH WINDOW THERE IS A SECOND BUILDING THAT IS BEING USED AS RECORDING STUDIO - THEIR IS ENGRESS AND DEGRESS ENTRANCES ON 8TH STREET AND SLAUSON AVENUE - THEIR ARE PLANS AVAILABLE TO CONNECT TO 2 BUILDINGS WITH AN ADDITIONAL 1700 SQFT WITCH WOULD BRING THE TOTAL SQUARE FOOTAGE TO ABOUT 2300 SQUARE FOOT - IDEAL FOR EXSPANSION OR REDEVELOPEMENT
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