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936 Mei Ling Way 1,392 SF Vacant Retail Building Los Angeles, CA 90012 $1,350,000 ($969.83/SF)
EXECUTIVE SUMMARY
Rare opportunity to purchase commercial property in historic Chinatown's main Central Plaza. Zoned LAC2 (Commercial, Office, Residential), the property features concrete floors, incredibly high ceilings, and walls of glass that fill the space with natural light. The large main room connects to a hallway with a sink, countertop, and half bath, leading to a secondary room with loft storage and its own entrance, ideal for studio, gallery, or office use. Great potential for expansion, including a possible second story. Prime location in a burgeoning area in close proximity to freeways, the Metro Station, cafes, and restaurants, with easy access to Chinatown’s shops, galleries, Historic State Park, DTLA, and Echo Park.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,392 SF
Building Class
C
Year Built
1940
Price
$1,350,000
Price Per SF
$969.83
Percent Leased
Vacant
Building Height
1 Story
Building FAR
1.00
Lot Size
0.03 AC
Zoning
LAC2 - Commercial
Frontage
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5414-011-031 | Improvements Assessment | $581,400 |
| Land Assessment | $554,880 | Total Assessment | $1,136,280 |
PROPERTY TAXES
Parcel Number
5414-011-031
Land Assessment
$554,880
Improvements Assessment
$581,400
Total Assessment
$1,136,280
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936 Mei Ling Way
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