Trust Sale. NO Court Confirmation required. For sale AFTER 41 years! Rare opportunity to own a Vacant lot approx. 8,699 sq. ft. in the heart of Koreatown, zoned LAR 4. Currently use as a parking lot (25 spaces) of the adjacent Apartment bldg. located at 1252 S. Lake St. (APN 5136-024-019), listed separately on MLS# 25491881 for $2.5MM. The adjacent apartment bldg. is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. 12 residential units + 6 commercial units. Property need rehab and updating. Sold AS IS and WHERE IS with current tenants in place. Both properties to be sold together. Minutes away from Downtown LA, Staples Center, LA Live, Restaurants, major attractions, and USC. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.
LISTING AGENT: Vineendra Jain LISTING BROKERAGE: Ingenious Asset Group, Inc.
Courtesy of Ingenious Asset Group, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 1250 S Lake Street 5136024018
Los Angeles, CA
Property Details
Price:
$1,300,000
MLS #:
25495893
Status:
Active
Baths:
0
Address:
1250 S Lake Street 5136024018
Type:
Land
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Feb 18, 2025
State:
CA
ZIP:
90006
Lot Size:
8,699 sqft / 0.20 acres (approx)
See this Listing
Schools
Interior
Exterior
Lot Features
Corners Marked, Rectangular Lot
Sewer
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None
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Community
- Address1250 S Lake Street 5136024018 Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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