For Sale Commercial MLS# 26985045

2600 S Main Street

Los Angeles, CA 90007

$4,895,000

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About 2600 S Main Street

Three (3) contiguous parcels at the signalized intersection of major arteries Main St & Adams Blvd, only 3 blocks from the Lorenzo Apartments one of USC's largest off-campus student housing communities. Consists of a two-story industrial/flex building of 18,200 SF zoned M1, a single-story 4-unit residential apartment zoned R4, and a parking lot zoned R4. All of the tenants are Month-To-Month the in-place NOI is approximately $175,000 with the Buyer's new tax basis. Situated within a federally designated Opportunity Zone, the properties offer compelling potential for redevelopment, value-add repositioning, or owner-user occupancy. Attached is a feasibility study for the two R4 lots on their own, which show a potential for up to 91 units. The assets may be purchased individually or as a combined portfolio, providing flexibility based on a Buyer's investment or development strategy.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1905
Living area
18,200 sqft
Price / sqft
$269
Lot
0.2111
Original price
$4,895,000
MLS #
26985045

Exterior & lot

Features
Parking spaces: 16
Lot
LAM1

Schools

District
Los Angeles Unified School District

Financial

Parcel
5128001001
Special conditions
Standard

Location

Area
C42 - Downtown L.A.
County
Los Angeles
Neighborhood
Historic South Central
Community
0.0
Directions
From I-10, exit Main St and head south on S Main St. The property is located near the intersection of S Main St and W Adams Blvd.

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Listed by Joseph Bolognese, Saxum West

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.