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Investment Highlights

  • Trust Sale. No Court Confirmation Required.
  • 18-unit Mixed-use property located in the heart of Koreatown
  • Both properties to be sold together.
  • For sale AFTER 41 years!
  • Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces, is listed separately for $700,000.
  • Separately metered for both gas and electricity for residential.

Executive Summary

Trust Sale. No Court Confirmation Required. For sale AFTER 41 years! 18-unit Mixed-use property located in the heart of Koreatown. Unit mix 10 x 1 bed 1 bath, 1 x 1 bed 3 bath & 1 x 2 bed 1 bath residential units, plus 6 commercial units. Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces, is listed separately for $700,000. Both properties to be sold together. Existing building is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. One of the commercial units is vacant and will be delivered vacant at COE. Separately metered for both gas and electricity for residential. Property need rehab and updating. Property is being sold AS IS and WHERE IS without warranty expressed or implied and with current tenants in place. 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.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $255,385 $19.71
Other Income - -
Vacancy Loss $12,769 $0.99
Effective Gross Income $242,616 $18.72
Taxes - -
Operating Expenses - -
Total Expenses $120,720 $9.31
Net Operating Income $121,896 $9.41

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $255,385
Annual Per SF $19.71
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $12,769
Annual Per SF $0.99
Effective Gross Income (CAD)
Annual $242,616
Annual Per SF $18.72
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $120,720
Annual Per SF $9.31
Net Operating Income (CAD)
Annual $121,896
Annual Per SF $9.41

Property Facts

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,960 SF
Building Class
C
Year Built
1914
Price
$2,476,476 CAD
Price Per SF
$191.09 CAD
Cap Rate
4.92%
NOI
$121,843 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.49
Lot Size
0.20 AC
Zoning
C2, Los Angeles - LAC2-1 & LAR4-1 (Adjacent Parking Lot Also Available)
Parking
16 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
246’ on Lake St

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100

Nearby Major Retailers

Superior Grocers
King Taco Restaurants Inc
Planet Fitness
Northgate González Markets
Bank of Hope
Food 4 Less
Starbucks
Bank of America
Royal Bank of Canada
Yoshinoya

Property Taxes

Property Taxes

Parcel Number
5136-024-019
Land Assessment
$1,231,433 CAD
Improvements Assessment
$570,088 CAD
Total Assessment
$1,801,521 CAD
  • Listing ID: 39295160

  • Date on Market: 2026-02-02

  • Last Updated:

  • Address: 1252 S Lake St, Los Angeles, CA 90006

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