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- LoopNet Team
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 | Total Lot Size | 0.20 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use |
Apartment Units
|
||
| Zoning | LAR4 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use |
Apartment Units
|
| 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.
Links
Property Taxes
| Parcel Number | 5136-024-018 | Improvements Assessment | $1,436 |
| Land Assessment | $159,104 | Total Assessment | $160,540 |
Property Taxes
Listing ID: 34868705
Date on Market: 2/18/2025
Last Updated:
Address: 1250 Lake st, Los Angeles, CA 90006
The Pico-Union Land Property at 1250 Lake st, Los Angeles, CA 90006 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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