120 S Avenue 64, Los Angeles, Los Angeles County, CA, 90042 Los Angeles CA US

Back on the Market! Extraordinary Investment Opportunity for Thrilling Mixed-Use Ownership with Limitless Potential. Brace yourself for this captivating Victorian treasure, meticulously reenergized and reimagined by acclaimed interior designer Joshua Cain. Tucked within the vibrant Highland Park HPOZ, a hub buzzing with LA's trendiest retail hotspots. Among the six existing units, the ground floor hosts 2 radiant commercial spaces, tailor-made for bustling retail activity or a dynamic office setup. Currently home to a thriving medi spa and a hair salon, this area is a playground for innovation, ready to accommodate legal practices, art studios, boutique ventures, and beyond. As if that's not enough, there are four rental units that can remain residential or turned into office space. This meticulously refurbished late 19th-century gem beckons both daring owner-occupiers and astute investors to seize an extraordinary opportunity in the coveted Highland Park scene. With an investment of approximately $1.5 million, this restoration project has infused the property with unparalleled value and quality. As mentioned this property boasts two dynamic commercial units. Coupled with these are four residential apartments: two inviting studio bedroom units, one spacious two-bedroom unit, and an airy three-bedroom unit. A triumphant transformation has revitalized three of these residential units, breathing new life into their very core. While the three-bedroom unit is currently used as a 30 day + short term Airbnb, the two-bedroom unit eagerly awaits its sensational renovation journey. For flexibility, the 2 commercial spaces and single-bedroom units, along with the three-bedroom unit, can be made vacant at COE. The two-bedroom unit will be delivered vacant by October 14th or maybe sooner and has the potential to be converted to a 3 bed 2 bath unit. Additionally, commercial tenants and occupants of the studio-bedroom units are open to staying after COE, adding more appeal to this amazing investment. More information is found in the document section. Also the adjacent lot has also just been put on the market and can be used for additional parking or to build a 4 story, 4 unit townhome development with roof top decks and private garages. Please see listing MLS #23-280863 where you can access the full architectural plans for these townhomes in the documents section. Please do not disturb the tenants. Contact listing agent for showings. Find out more about this property. Request details here