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502 E 23rd St
Los Angeles, CA 90011

Wall Market · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,334 SF
Building Class
B
Year Built
1904
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.40
Lot Size
0.09 AC
Zoning
R2, Los Angeles
Parking
4 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
50 FT on 23rd

Amenities

  • Bus Line

About 502 E 23rd St , Los Angeles, CA 90011

Marcus & Millichap is pleased to present to market 502 East 23rd Street, a five-unit mixed-use investment property in Los Angeles, California. The property is a two-story 1904 construction with retail space on the ground floor and four two-bed/one-bath apartments on the second-floor. The units are separately metered for gas and electricity, and all have hardwood floors. The property also features copper plumbing, new interior and exterior paint, a laundry room with two washers and two dryers, and four parking spaces. 502 East 23rd Street is located in a dense rental area just across the 10 Freeway from Downtown Los Angeles, one block from the Santee Education Complex, steps from Trinity Park, and less than a mile from the 110 Freeway. The property’s convenient access to freeways as well as the Metro Blue and Expo lines make it a great commuter option. Additionally, the property’s proximity to nearby retailers have earned it a WalkScore of 88. The retail space is currently vacant, offering a new investor the opportunity to lease up the space at market rate, and the apartments offer significant rental upside as well.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5127-012-006
Land Assessment
$655,452
Improvements Assessment
$280,908
Total Assessment
$936,360
  • Listing ID: 17597131

  • Date on Market: 10/31/2019

  • Last Updated:

  • Address: 502 E 23rd St, Los Angeles, CA 90011

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