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$ 2,600,000
Est. payment | /mo
6,842 SqFt
$ 2,600,000
Est. payment | /mo
6,842 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,842 sqft
Price per Sqft $380
MLS Listing ID CL25513135
HOA Y/N No
Year Built 1950
Lot Size 7,016 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
PROPERTY IS BEING SOLD WITH ADJACENT 10-UNIT BUILDING, 1243 S LA CIENEGA AVE, 20 UNITS IN TOTAL FOR $4,600,000...1239 & 1243 S La Cienega Blvd, a well-maintained 20-unit multifamily property located in the highly desirable Pico-Robertson neighborhood of Los Angeles. Built in 1950, this investment opportunity consists of (16) one-bedroom, one-bath units and (4) studio units across two mirrored lots. These properties are being offered together as a portfolio sale, providing investors with the opportunity to acquire two adjacent assets in a strong rental market. Additionally, both lots are commercially zoned (LAC2), presenting a rare opportunity for potential future redevelopment or mixed-use conversion. The property has undergone significant capital improvements, including updated electric, a recently replaced water heater (in 1243 building), copper plumbing, and bolted and braced foundations. Additionally, 1243 S La Cienega has a brand-new roof, while 1239's roof remains in good condition per Seller. With below-market rents and a 30% rental upside, this asset presents a compelling opportunity for investors seeking long-term appreciation and strong cash flow. The basements of both buildings are pre-configured for laundry rooms, offering a potential additional revenue stream. Furthe
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 4332028015
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.