Office Commercial Real Estate in 90005
28 results
Address
Price
Size
Multifamily For Sale
720 S Hoover St
Westlake, Los Angeles, CA
Building Size:11,356SF
The offering is a Value-Added opportunity for a 27 unit, Contemporary, Non-Rent Controlled apartment property located in a rapidly gentrifying area near Wilshire Blvd in the Wilshire Center zip code. The opportunity shows greater than 28% upside in rents that maybe realized with a re-positioning, cleanup and makeover to transcend neglect and indifference of the prior ownership.The property built in 1990, is a contemporary, gated and secured, two story, interior courtyard building of frame and stucco construction above grade level secured parking (without soft story retrofit requirement). The property is a true Value-Added Opportunity- in fair condition, in need of renovations, mostly finishes and plumbing upgrades. The property has been somewhat neglected by the prior long term owner. The Tenancy has been stable with in place rents 28% below conservative market level rents for workforce housing and 60% below luxury market rents.The property is exempt from City of Los Angele RSO (rent control) and the owner has the right to terminate the tenancy of the tenants if conducting substantial remodeling requiring a permit that requires tenants to vacate for at least 30 days (AB1482). All tenants were served with a 60 day notice to vacate in early March 2020. The tenants relocation compensation is limited to one months rent payment or credit. Some tenants have accepted additional relocation inducements, there are three current vacancies. Three other have not paid April-May rent.The property is located in a desirable, rapidly gentrifying area in the City of Los Angeles. The location is two blocks south of the intersection of Hoover and Wilshire Blvd, where Hankey Investment Co. is constructing 2900 Wilshire- a $300M, 23 story, 644 unit mixed use, iconic undulating tower across from Lafayette Park. New development abounds nearby from four-plexes to high-rises. This area west of the Central City historically has been highly desirable. The Wilshire Corridor at Hoover and Lafayette Park are showing clear results of a mega renewal stimulated first by the Red Line metro on Wilshire Blvd and now by massive new luxury multi-family development.
Sale:
$4,300,000
$4,300,000
11,356SF
837 Normandie Avenue
837 S Normandie Ave
Koreatown, Los Angeles, CA
Sale:
$231,250
$231,250
More info
2768 West 8th Street
2768 W 8th St
Koreatown, Los Angeles, CA
Lease:
More info
More info
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3980 Ingraham Street
3980 Ingraham St
Mid City, Los Angeles, CA
Sale:
$210,000
$210,000
More info
3473 West 8th Street
3473 W 8th St
Koreatown, Los Angeles, CA
More info
More info
815 South New Hampshire Avenue
815 S New Hampshire Ave
Koreatown, Los Angeles, CA
Lot Size:0.17Acres
Sale:
$275,000
$275,000
0.17Acres
837 South Ardmore Avenue
837 S Ardmore Ave
Koreatown, Los Angeles, CA
Lot Size:0.16Acres
Sale:
$337,500
$337,500
0.16Acres
600 South Commonwealth Avenue
600 S Commonwealth Ave
Westlake, Los Angeles, CA
More info
More info
742 South Harvard Boulevard
742 S Harvard Blvd
Koreatown, Los Angeles, CA
Lot Size:0.53Acres
Sale:
$458,333
$458,333
0.53Acres
743 South Harvard Boulevard
743 S Harvard Blvd
Koreatown, Los Angeles, CA
Lot Size:0.15Acres
Sale:
$212,375
$212,375
0.15Acres
695 South Vermont Avenue
695 S Vermont Ave
Koreatown, Los Angeles, CA
More info
More info
730 South Serrano Avenue
730 S Serrano Ave
Koreatown, Los Angeles, CA
Lot Size:0.53Acres
Sale:
$305,882
$305,882
0.53Acres
890 Crenshaw Boulevard
890 Crenshaw Blvd
Mid City, Los Angeles, CA
Sale:
$1,200,000
$1,200,000
More info
822 Crenshaw Boulevard
822 Crenshaw Blvd
Mid City, Los Angeles, CA
Lot Size:0.16Acres
Sale:
$265,833
$265,833
0.16Acres
4006 Ingraham Street
4006 Ingraham St
Mid City, Los Angeles, CA
Lot Size:0.15Acres
Sale:
$1,499,000
$1,499,000
0.15Acres
842 South Kingsley Drive
842 S Kingsley Dr
Koreatown, Los Angeles, CA
Sale:
$155,555
$155,555
More info
831 South Gramercy Place
831 S Gramercy Pl
Mid City, Los Angeles, CA
Lot Size:0.17Acres
Sale:
$253,125
$253,125
0.17Acres
2815 West 7th Street
2815 W 7th St
Koreatown, Los Angeles, CA
More info
More info
3942 West 7th Street
3942 W 7th St
Mid City, Los Angeles, CA
Sale:
$312,250
$312,250
More info
828 South Vermont Avenue
828 S Vermont Ave
Koreatown, Los Angeles, CA
More info
More info
847 South Vermont Avenue
847 S Vermont Ave
Koreatown, Los Angeles, CA
More info
More info
601 South Westmoreland Avenue
601 S Westmoreland Ave
Koreatown, Los Angeles, CA
More info
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765 Irolo Street
765 Irolo St
Koreatown, Los Angeles, CA
More info
More info
4089 West 8th Street
4089 W 8th St
Mid City, Los Angeles, CA
Sale:
$1,240,000
$1,240,000
More info
756 Normandie Avenue
756 S Normandie Ave
Koreatown, Los Angeles, CA
Sale:
$163,166
$163,166
More info
883 Crenshaw Boulevard
883 Crenshaw Blvd
Mid City, Los Angeles, CA
Sale:
$920,000
$920,000
More info
3435 West 8th Street
3435 W 8th St
Koreatown, Los Angeles, CA
More info
More info
861 Fedora Street
861 Fedora St
Koreatown, Los Angeles, CA
Sale:
$205,128
$205,128
More info
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Market Stats
90005 has 52 commercial real estate spaces for lease, representing 168,702 sqft space. 39 buildings are available for sale.
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Metropolitan areas that include 90005
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