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First time on market in 40 years. 5777+ sq. ft. of live/work space with colorful history on 50 x 152 C2 lot in A+ View Park/Leimert Park location. 4 retail/office units in front (2 up, 2 down), three with 1 bath, one with 2 baths + 3 bed 2 bath SFR with master + large studio in rear + large billboard + gated parking. Entire property will be delivered vacant. Huge upside: blocks from $2 billion under-construction Crenshaw/LAX Metro Rail line (will boost values when it links Jefferson Park to LAX, with a stop in Leimert Park and due north of under-construction Hollywood Park Tomorrow 238 acre development, Rams NFL stadium and new Forum, now owned by Madison Square Garden. 34,000 traffic count on Crenshaw. C2 zoning allows a multitude of uses. Billboard lease is ancient, $1200 a year, but expires 10-1-17. Copy of lease is available. Subject to cancellation of current escrow.
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