Description
We are pleased to present for sale an extremely rare mixed-use investment opportunity in an iconic location, nestled between Silver Lake and Los Feliz - two of LA's most prized sub-markets. The 3,674 SF property is located north of famous Sunset Blvd and less than half a mile from the Historic Sunset Junction, adjacent to Los Feliz's booming Franklin Hills district. With recent capital improvements of over $250,000, this mixed-use asset has strong commercial and residential tenancy with stabilized rental income. The commercial unit, occupied by Casetta Group, a leading hospitality brand and management company, is a 2,474 SF office building with modern and eclectic restorations composed of beautiful flooring and expansive street facing windows providing an abundance of natural light, and conveniently on a NNN lease. The residential unit is an exquisite 1,200 SF 2 bedroom + 1 bathroom Artist Loft (utilizing a CUP) with a full kitchen and laundry hook ups with stunning wood work all throughout. The investment is strategically located on Hyperion Blvd with mountain views and boasts significant in-place returns with excellent tenancy in place, and yields an investor a 4.5% Cap Rate with minimal landlord responsibilities. A new owner will be able assume over $1.1M in assignable seller financing that is available with 22 months remaining, interest-only, at 0.50%. Buyer to verify any/all information including but not limited to the zoning, building square footage, lot size, CUP, etc. Agents and brokers do not make any guarantees or representations to the accuracy of any of the information provided herein.
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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3,674SQFT
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$680$/SQFT
School Ratings & Info
Description
We are pleased to present for sale an extremely rare mixed-use investment opportunity in an iconic location, nestled between Silver Lake and Los Feliz - two of LA's most prized sub-markets. The 3,674 SF property is located north of famous Sunset Blvd and less than half a mile from the Historic Sunset Junction, adjacent to Los Feliz's booming Franklin Hills district. With recent capital improvements of over $250,000, this mixed-use asset has strong commercial and residential tenancy with stabilized rental income. The commercial unit, occupied by Casetta Group, a leading hospitality brand and management company, is a 2,474 SF office building with modern and eclectic restorations composed of beautiful flooring and expansive street facing windows providing an abundance of natural light, and conveniently on a NNN lease. The residential unit is an exquisite 1,200 SF 2 bedroom + 1 bathroom Artist Loft (utilizing a CUP) with a full kitchen and laundry hook ups with stunning wood work all throughout. The investment is strategically located on Hyperion Blvd with mountain views and boasts significant in-place returns with excellent tenancy in place, and yields an investor a 4.5% Cap Rate with minimal landlord responsibilities. A new owner will be able assume over $1.1M in assignable seller financing that is available with 22 months remaining, interest-only, at 0.50%. Buyer to verify any/all information including but not limited to the zoning, building square footage, lot size, CUP, etc. Agents and brokers do not make any guarantees or representations to the accuracy of any of the information provided herein.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T22:43:09.05. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.