Log In/Sign Up
Your email has been sent.
Mixed Use: Commercial Gallery/Apartment 977 Chung King Rd 2,825 SF Vacant Retail Building Los Angeles, CA 90012 $2,123,050 CAD ($751.52 CAD/SF) 4.50% Cap Rate
Executive Summary
A rare offering on Chinatown’s beloved Chung King Road, this 1950 live-work property has been masterfully transformed by LOC Architecture into a singular creative retreat. The property is anchored by an expansive commercial space, with a stunning two-bedroom apartment on the upper level. The ground-floor storefront is a creative dream with soaring ceilings, abundant natural light, two bathrooms, a kitchenette, a storage mezzanine, and additional basement storage, ideal for a gallery, photo studio, or creative office. Upstairs, the residential space is a masterwork of ingenuity, rendered with concrete and wood, clerestory windows, and an open kitchen with bar seating. Enjoy two bright bedrooms, a bonus office, and two baths featuring a mosaic soaking tub and a striking pebble-tile bath. A rear balcony provides views of the DTLA skyline. The shared central courtyard is a unique setting for dining and gathering. You are moments from Pho 87, Yang Chow, and the galleries, restaurants, and creative community that make Chinatown one of LA’s most exciting neighborhoods. Square footage provided is taped.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,825 SF
Building Class
C
Year Built
1950
Price
$2,123,050 CAD
Price Per SF
$751.52 CAD
Cap Rate
4.50%
NOI
$95,436 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.35
Lot Size
0.03 AC
Zoning
LAC2
Frontage
30’ on Chiang Kai-Shek Rd
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5414-005-070 | Improvements Assessment | $1,199,428 CAD |
| Land Assessment | $634,091 CAD | Total Assessment | $1,833,518 CAD |
Property Taxes
Parcel Number
5414-005-070
Land Assessment
$634,091 CAD
Improvements Assessment
$1,199,428 CAD
Total Assessment
$1,833,518 CAD
1 of 32
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Mixed Use: Commercial Gallery/Apartment | 977 Chung King Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.