Offered at: $850,000
1121 S Lake Street, Los Angeles 90006
Pico Union cash cow, north of Pico, equidistant from South Park and Koreatown. One of the original L.A. HPOZ mansions, now zoned hotel/boarding house/rooming house. 3 stories, 12 rooms, 9 baths, 5000*+ sqft. + large basement. On completely gated 9295 sqft street to alley R4 lot with 130′ of street and alley frontage. New copper plumbing, newer roof, 12 car gated parking. On beautiful quiet street, surrounded by other classic buildings. 93 walkscore (walkers paradise): 2-5 minutes to Staples, L.A. Live restaurants & movies, Whole Foods, etc. (*tax shows 3743 sqft., doesn’t include 3rd floor). All the tenants are great, mo. to mo., and all the rents are $150 too low. This is a steal. Legally a duplex + 5 “housekeeping” units, so City of LA calls it a 7-unit.