Active
7051 3rd Avenue
Los Angeles CA, 90043
$1,750,000
$363.98 per sqft
Active
4,808 sqft
Commercial
Built in 1951
Listed by Paul Purunjian with Purunjian Inc. 562-225-5728
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.
PW24036337
MLSⓇ ID
February 26, 2024
Listed
March 28, 2024
Updated
Map
7051 3rd Avenue
Los Angeles CA, 90043
Interior Features
Total Stories
2
Laundry Description
Laundry Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.19 Acres
Other Property Details
Area Name
PHHT - Park Hills Heights
Days on Market
3
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Buyer Agency Compensation
2%
Listing Contact: 562-225-5728
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:33 PM UTC