Property Detail

Description

10-X Auction. Starting Bid: $325,000 ***UPDATED NOV/2026*** Property is being offered through Ten-X online auction. All interested buyers are encouraged to register and submit bids through the Ten-X platform. Contact listing agent for auction details, registration instructions, and property information. Seller reserves the right to accept or reject offers, subject to auction terms and conditions. Improvements include two large assembly halls with stage/podium areas, classrooms, offices, storage, multiple restrooms, a large commercial-style kitchen, wide central staircase, multiple entrances/exits, and high ceilings throughout. The adjacent parcel provides approximately 22 on-site parking spaces with alley access, a rare and valuable feature for urban properties. Additional features include 400-amp electrical service, roof permits in 2019 (buyer to verify), and overall clean, functional condition. Both parcels total approximately 12,009 SF and are zoned RD1.5-1, with a preliminary base residential density of approximately 8 units and potential for additional density through applicable housing incentives. TOC Tier 3 and TOIA Tier 2 designations offer potential multifamily redevelopment opportunities, subject to City approvals. Centrally located with convenient access to Downtown Los Angeles, major corridors, and surrounding dense residential neighborhoods with strong demand for institutional and community-based uses. Ideal for church, school, nonprofit, community facility, event use, owner-user, investor, or redevelopment multifamily opportunity. Flexible occupancy: Seller can deliver the property vacant at closing or accommodate continued occupancy under mutually agreeable terms. All information, including square footage, permits, zoning, permitted uses, historic preservation requirements, and development potential, is approximate and subject to buyer investigation. Asset appraised for 2.5M recently.