7051 3rd Avenue, Los Angeles, California 90043
- Commercial Sale Property Type
- 110 Days Time on market
- $364 Price per sqft
- 1951 Year Built
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.
