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18-unit Mixed-use Property 1252 S Lake St 12,960 SF 100% Leased Retail Building Los Angeles, CA 90006 $1,800,000 ($138.89/SF) 4.92% Cap Rate



Investment Highlights
- Trust Sale. No Court Confirmation Required.
- 18-unit Mixed-use property located in the heart of Koreatown
- Both properties to be sold together.
- For sale AFTER 41 years!
- Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces, is listed separately for $700,000.
- Separately metered for both gas and electricity for residential.
Executive Summary
Trust Sale. No Court Confirmation Required. For sale AFTER 41 years! 18-unit Mixed-use property located in the heart of Koreatown. Unit mix 10 x 1 bed 1 bath, 1 x 1 bed 3 bath & 1 x 2 bed 1 bath residential units, plus 6 commercial units. Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces, is listed separately for $700,000. Both properties to be sold together. Existing building is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. One of the commercial units is vacant and will be delivered vacant at COE. Separately metered for both gas and electricity for residential. Property need rehab and updating. Property is being sold AS IS and WHERE IS without warranty expressed or implied and with current tenants in place. 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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$185,624
|
$14.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,281
|
$0.72
|
| Effective Gross Income |
$176,343
|
$13.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$87,744
|
$6.77
|
| Net Operating Income |
$88,599
|
$6.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $185,624 |
| Annual Per SF | $14.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $9,281 |
| Annual Per SF | $0.72 |
| Effective Gross Income | |
|---|---|
| Annual | $176,343 |
| Annual Per SF | $13.61 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $87,744 |
| Annual Per SF | $6.77 |
| Net Operating Income | |
|---|---|
| Annual | $88,599 |
| Annual Per SF | $6.84 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
12,960 SF
Building Class
C
Year Built
1914
Price
$1,800,000
Price Per SF
$138.89
Cap Rate
4.92%
NOI
$88,560
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.49
Lot Size
0.20 AC
Zoning
C2, Los Angeles - LAC2-1 & LAR4-1 (Adjacent Parking Lot Also Available)
Parking
16 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
246’ on Lake St
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5136-024-019 | Improvements Assessment | $414,362 |
| Land Assessment | $895,054 | Total Assessment | $1,309,416 |
Property Taxes
Parcel Number
5136-024-019
Land Assessment
$895,054
Improvements Assessment
$414,362
Total Assessment
$1,309,416
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18-unit Mixed-use Property | 1252 S Lake St
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