2416 1St StLos Angeles, CA 90033

This exceptional mixed-use property at 2416 E 1st St, Los Angeles, CA 90033 presents a unique owner-user or investment opportunity. Priced at $999,888, this special purpose property boasts a versatile layout ideal for a variety of uses. The ground floor features a retail storefront complete with a small kitchen and bathroom, offering potential for division into separate spaces. Above, two residential units provide additional income potential. A separate warehouse/storage area and secured rear parking add to the property's functionality. This location benefits from its high-traffic position on East 1st Street, directly across from the Gold Line subway station, providing excellent accessibility to Downtown Los Angeles and the Arts District. The property's zoning, designated as TOC Tier 4, allows for a maximum density bonus, presenting significant redevelopment potential for the discerning buyer. Interested parties are encouraged to independently verify zoning details with the Los Angeles City Planning Department to explore the full scope of development possibilities. This is a rare chance to acquire a well-situated property with substantial upside in a thriving Los Angeles neighborhood.