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937 N Hill Street

Los Angeles (City), CA 90012
  • $4,200,000
  • STATUS: Active
  • ON SITE: 55 Days
  • ID#: AR23190679
UPDATED: 58 min ago
$4,200,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Maggie Ly of Re/Max Premier Prop SanMarino (626-660-1100)


Description

This mixed-use property in the heart of Chinatown features two retail units, each approximately 2,000 square feet, and a spacious residential dwelling of 2,400 square feet. Located on a major traffic artery near the 110 freeway, this prime location offers excellent visibility and foot traffic. The north-facing orientation of the property attracts even more visitors, making it ideal for a variety of retail businesses, professional offices, or medical facilities. To maximize rental income, the residential dwelling can be converted into three rental units consisting of one 2-bed/2-bath unit and two 1-bed/1-bath units.The property is also within close proximity to many of Los Angeles' most popular cultural attractions, including Dodger Stadium (1 minute away), Walt Disney Concert Hall (5 minutes away), and MOCA (10 minutes away). This makes the residential unit a highly desirable place to live, offering residents the opportunity to experience the best of what LA has to offer.Movie buffs will be excited to learn that the property is located next door to the filming location of the iconic scene in Rush Hour where Jackie Chan and Chris Tucker were tricked into going to Foo Chow restaurant to meet the international mob boss Juntao. However, Juntao was not actually at the restaurant, and Chan and Tucker must fight their way out.This property offers a unique opportunity to own a valuable asset in a thriving and vibrant neighborhood. With its prime location, flexible retail and residential spaces, and proximity to major attractions, this property is sure to appeal to a wide range of investors and business owners.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-08T10:31:29.03. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/144364476
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937 N Hill Street Los Angeles (City), CA 90012

  • Price: $4,200,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 58 min ago
  • ID#: AR23190679
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1949
Built
Neighborhood:
Chna - Chinatown
County:
Los Angeles
Area:
Chna - Chinatown
Property Description
This mixed-use property in the heart of Chinatown features two retail units, each approximately 2,000 square feet, and a spacious residential dwelling of 2,400 square feet. Located on a major traffic artery near the 110 freeway, this prime location offers excellent visibility and foot traffic. The north-facing orientation of the property attracts even more visitors, making it ideal for a variety of retail businesses, professional offices, or medical facilities. To maximize rental income, the residential dwelling can be converted into three rental units consisting of one 2-bed/2-bath unit and two 1-bed/1-bath units.The property is also within close proximity to many of Los Angeles' most popular cultural attractions, including Dodger Stadium (1 minute away), Walt Disney Concert Hall (5 minutes away), and MOCA (10 minutes away). This makes the residential unit a highly desirable place to live, offering residents the opportunity to experience the best of what LA has to offer.Movie buffs will be excited to learn that the property is located next door to the filming location of the iconic scene in Rush Hour where Jackie Chan and Chris Tucker were tricked into going to Foo Chow restaurant to meet the international mob boss Juntao. However, Juntao was not actually at the restaurant, and Chan and Tucker must fight their way out.This property offers a unique opportunity to own a valuable asset in a thriving and vibrant neighborhood. With its prime location, flexible retail and residential spaces, and proximity to major attractions, this property is sure to appeal to a wide range of investors and business owners.
Exterior Features

Entry Level 2 Fencing None Lot Features Walkstreet

Interior Features

Cooling Electric Cooling YN Yes

Property Features

Additional Parcels YN No Cap Rate 5 Common Interest None Current Financing None Gross Scheduled Income 216000 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Number Of Units Leased 0 Property Sub Type Mixed Use Security Features Security System Special Listing Conditions Standard Utilities Electricity Available Water Source Public Zoning C2-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-08T10:31:29.03. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Maggie Ly of Re/Max Premier Prop SanMarino (626-660-1100)