Live-Work Creative
977 Chung King Road Los Angeles, CA 90012
977 Chung King Road, Los Angeles, CA, 90012
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For Sale
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Live-work building with ground-floor storefront and upper two-bedroom apartment, featuring skylight-style clerestory windows and courtyard access.
Property Size2,825 SF
Price / SF$548.67
Days on Market89
Property Features for 977 Chung King Road
General Information
- Standard status
- Active
- Size
- 2,825 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1950
Listing agency
Coldwell Banker Commercial NRT Pasadena
(323) 842-4001
Listed by
Tracy Do · License #01350025
Source
Crexi
Added: Apr 25 Updated: Jul 22 at 1:07AM Checked: Jul 22 at 1:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial NRT Pasadena
Investment Insights
Based on property information with market context.
This 1950 live-work property features a ground-floor commercial storefront and an upper-level two-bedroom apartment. The storefront includes soaring ceilings, abundant natural light, two bathrooms, a kitchenette, a storage mezzanine, and additional basement storage, offering flexible space for creative uses. The residential level is designed with concrete and wood elements, clerestory windows, and an open kitchen with bar seating, along with two bright bedrooms, a bonus office, and two baths including a mosaic soaking tub and a pebble-tile bath. A rear balcony provides views, and a shared central courtyard supports dining and gathering.
Located on Chung King Road in Chinatown, the property is positioned near local dining and creative destinations, including Pho 87 and Yang Chow, as well as nearby galleries and restaurants.
The layout supports simultaneous commercial and residential use, with dedicated storefront improvements at grade and separate living space upstairs, complemented by courtyard access for shared outdoor use.
Located on Chung King Road in Chinatown, the property is positioned near local dining and creative destinations, including Pho 87 and Yang Chow, as well as nearby galleries and restaurants.
The layout supports simultaneous commercial and residential use, with dedicated storefront improvements at grade and separate living space upstairs, complemented by courtyard access for shared outdoor use.
Key Highlights
- 1950 live‑work property with ground‑floor storefront and upper two‑bedroom apartment
- Ground‑floor space features soaring ceilings, abundant natural light, two bathrooms, kitchenette, and storage mezzanine plus basement storage
- Upstairs living includes concrete‑and‑wood design, clerestory windows, open kitchen with bar seating, two bedrooms, and a bonus office
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.8k | $38.88 |
| − Vacancy | −$20.4k | −$7.23 |
| EGI | $89.4k | $31.65 |
| − OpEx | −$22.4k | −$7.91 |
| NOI | $67.1k | $23.74 |
2,825 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$957.9K
$838.2K – $1.12M
NOI $67,055 @ 7.0% cap · market cap 4.33%
Second Best
Retail
$936.6K
$819.5K – $1.09M
NOI $65,560 @ 7.0% cap · market cap 4.23%
Theoretical Best
Multifamily LT 5
$57.23M
$50.08M – $66.77M
NOI $4,006,296 @ 7.0% cap · market cap 258.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Franchise
Art Gallery
Paradise Studios
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Live-work building with ground-floor storefront and upper two-bedroom apartment, featuring skylight-style clerestory windows and courtyard access.
Where is this live-work space located?
The property is located at 977 Chung King Road Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 1950 live‑work property with ground‑floor storefront and upper two‑bedroom apartment; Ground‑floor space features soaring ceilings, abundant natural light, two bathrooms, kitchenette, and storage mezzanine plus basement storage; Upstairs living includes concrete‑and‑wood design, clerestory windows, open kitchen with bar seating, two bedrooms, and a bonus office
