Description​​​

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Located on one of Lincoln Heights' main thoroughfares, the mixed use corner bricker features two additional buildings on Gates St: a single-family home (3 Br + 1.5 Ba) PLUS 6 (Studio+1Ba) bungalow style units. The SFR has a large basement and detached garage. The building on Main St has two retail spaces on the ground floor + 6 large (Studio + 1Ba) units on the second floor. All three buildings are on only ONE APN, and each building has its own water meter. Ideal purchase for an investor with a vision and understanding of the incredible potential this location offers. Approximately 40% rental upside!

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One retail unit has been held vacant for the new Buyer, and the other retail unit's lease is expiring at the end of June, making this the perfect opportunity for an investor with a vision for this corner.  Given the close proximity to KECK USC Medical School, the County Hospital, and more, this would make an excellent location for a restaurant, coffee shop, and more.  The Brine (under construction) is just 3 blocks away and will feature almost 100 new construction units, 72,000 of commercial space including a Homegirl Cafe, market, medical offices and more.

 

LOCATED IN AN OPPORTUNITY ZONE! 

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Location

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On Main St, one of Lincoln Heights' main thoroughfares the subject property is centrally located and very walkable. Daily errands can be accomplished by foot due to the property's proximity to grocery stores, pharmacies, banks, and more. Lincoln Heights is a small neighborhood four miles east of DTLA. Due to its location, the neighborhood draws renters from various employment centers and universities: Keck USC Medical Center, White Memorial Hospital, DTLA, Cal State LA, FIDM, etc. This neighborhood continues to see growth, like 181 N Ave 21 the site of a six-story mixed-use development featuring 102 apartments, 100 - key hotel, and 5,000 SF of retail space.