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$ 1,199,000
Est. payment | /mo
5 Beds
5 Baths
2,717 SqFt
$ 1,199,000
Est. payment | /mo
5 Beds
5 Baths
2,717 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,717 sqft
Price per Sqft $441
MLS Listing ID 26870311
Bedrooms 5
HOA Y/N No
Year Built 1919
Lot Size 6,564 Sqft
Property Description
NOVEMBER 2021 THIS BUILDING WAS PRICED FOR $1,490,000.00 "A rare owner-user commercial opportunity in Koreatown/Hancock Park area with full vacancy flexibility at closing. " WHAT MAKES THIS PROPERTY SPECIAL mixed-use 100% vacant delivery potential PERFECT BUYER: doctors dentists attorneys CPAs beauty operators acupuncturists owner-users SBA loan buyers Most small commercial buildings in LA: have tenants have lease problems are difficult to occupy YOURS: potentially vacant flexible use owner-user opportunity SBA financing possible SBA OWNER-USER FINANCING CRITICAL IMPORTANCE SBA loans can allow: lower down payment owner-user occupancy long amortization "Excellent opportunity for owner-users utilizing SBA financing." LOCATION POSITIONING: "Strategically located in the heart of the Koreatown / Hancock Park corridor with strong surrounding residential density and business activity." FLEXIBILITY: Ideal for: Law office CPA / tax office Dental or medical office Acupuncture / wellness clinic Beauty / skincare business Creative office Live/work opportunity (buyer to verify) "OWN INSTEAD OF RENT" "Stop paying rent for your business own your own commercial building in one of Los Angeles' strongest urban corridors. "Comparable Sales Nearby: 222 N Harvard Blvd $2,000,000 242 N St Andrews Pl $1,495,000 "220 N Oxford Ave presents compelling value relative to recent area sales." "Rare vacant-delivery commercial opportunity in a supply-constrained submarket. "IDEAL FOR FINAL INVESTOR / OWNER-USER Rare Koreatown / Hancock Park Owner-User Commercial Opportunity 220 N Oxford Ave presents a rare opportunity to acquire a mixed-use commercial property in one of Los Angeles' most desirable urban corridors. The property is commercially zoned and currently configured as commercial space with two residential units. The building may potentially be delivered 100% vacant at closing, creating exceptional flexibility for owner-users, investors, or live/work operators. Creative office use Other professional office applications (buyer to verify) Strategically located within the Koreatown / Hancock Park corridor, the property benefits from strong surrounding residential density, business activity, and central access to Downtown Los Angeles, Hollywood, and major transportation routes. Owner-users will appreciate the opportunity to stop leasing commercial space and establish long-term ownership in a high-demand Los Angeles market. SBA financing may provide an attractive acquisition option for qualified buyers. 220 N Oxford Ave presents compelling value relative to recent area transactions. Buyer and buyer's agent to verify all zoning, use, occupancy, and development potential. Please do not disturb occupants. AMAZING OPPORTUNITY FOR: Dentists Medical users Beauty operators SBA loan buyers owner-user opportunity office concepts "stop paying rent" This building's biggest value is: FLEXIBILITY "own your business building with SBA financing + vacant delivery"
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAC2
Interior
Heating Combination, Electric
Cooling Dual
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Assigned, Driveway
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5517010040
Special Listing Condition Standard
Listed by Max Lee Real Broker #01905008
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