This Land Property is no longer advertised on LoopNet.com.

1250 Lake st
Los Angeles, CA 90006
25 Spaces Parking Lot of 1252 Lake St · Land For Sale · 0.20 AC

Investment Highlights

  • Trust Sale. NO Court Confirmation required.
  • Vacant lot approx. 8,699 sq. ft. in the heart of Koreatown, zoned LAR4.
  • For sale AFTER 41 years!
  • Currently use as a parking lot (25 spaces) of the adjacent Apartment bldg. located at 1252 S. Lake St. (APN 5136-024-019)

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Parking Garage
  • Parking Lot
Total Lot Size 0.20 AC
No. Stories 1
Zoning LAR4

Description

Trust Sale. NO Court Confirmation required. For sale AFTER 41 years! Rare opportunity to own a Vacant lot approx. 8,699 sq. ft. in the heart of Koreatown, zoned LAR4. Currently use as a parking lot (25 spaces) of the adjacent Apartment bldg. located at 1252 S. Lake St. (APN 5136-024-019), listed separately on MLS# 25491881 for $2.5MM. The adjacent apartment bldg. is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. 12 residential units + 6 commercial units. Property need rehab and updating. Sold AS IS and WHERE IS with current tenants in place. Both properties to be sold together. Minutes away from Downtown LA, Staples Center, LA Live, Restaurants, major attractions, and USC. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.

Property Taxes

Property Taxes

Parcel Number
5136-024-018
Land Assessment
$159,104
Improvements Assessment
$1,436
Total Assessment
$160,540
  • Listing ID: 34868705

  • Date on Market: 2/18/2025

  • Last Updated:

  • Address: 1250 Lake st, Los Angeles, CA 90006

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