Represented Seller and Buyer with Brian Moore, Sotheby’s International Realty
Sold for $1,575,000
We are pleased to present for sale an extremely rare mixed-use owner/user and/or investment opportunity in an iconic location, nestled between Silver Lake and Los Feliz - two of LA's most prized sub-markets. The 3,674 SF property is located north of famous Sunset Blvd and less than half a mile from the Historic Sunset Junction, adjacent to Los Feliz's booming Franklin Hills District. The property will be delivered 67% VACANT. With recent capital improvements of over $250,000, this mixed-use asset has strong potential commercial tenancy and stabilized residential tenancy in place. The vacant commercial unit consists of a 2,474 SF office building with modern and eclectic restorations composed of beautiful flooring and expansive street facing windows providing an abundance of natural light. The residential unit is an exquisite 1,200 SF 2 bedroom + 1 Bathroom Artist Loft (utilizing a CUP) with a full kitchen and laundry hook ups with stunning wood work all throughout. The investment is strategically located on Hyperion Blvd with mountain views and boasts significant potential returns and minimal landlord responsibilities. A new owner will be able assume over $1.1M in assignable seller financing that is available with 12 months remaining, interest-only, at 0.50% (you read that right, one half of a percent, interest only).