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2603 Hauser Blvd, Los Angeles, CA 90016
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2603 Hauser Blvd Los Angeles, CA 90016

$2,150,000
  • -- Beds
  • -- Baths
  • 5,868 Sq.Ft.
For Sale
$2,150,000 Get Pre-Qualified
Map preview of 2603 Hauser Blvd, Los Angeles, CA 90016

Property Overview: 2603 Hauser Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 5,868 living square feet and 7,215 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present a 5,868 SF retail strip-center located at 2603 Hauser Boulevard in Los Angeles, California. The subject property is located in a prime West Adams location south of West Adams Boulevard and east of Fairfax Avenue. Built in 1929, this property contains eleven (11) retail spaces averaging 516 SF each. The property is situated on a signalized hard corner along West Adams Boulevard, providing excellent traffic counts and solid building frontage. All tenants are on gross month-to-month leases. The property is designated within the commercial corridor subarea per the West Adams CPIO, which is currently promoting a "main street" shopping experience by providing direction for the adaptive reuse of existing structures. The site offers Tier 1 TOC benefits for residential redevelopment, allowing for favorable development standards. In addition to TOC, the site is also eligible for ED1 utilizing State Density Bonus with reduced parking under AB 2097. Tenants will love being within walking distance to incredible West Adams amenities such as Mizlala, Tartine, Vees Cafe, Alta, MIAN West Adams, and many more. Situated in a prime West Adams location in an opportunity zone, this offering presents an excellent opportunity for any investor to capitalize on adding value along a revitalizing main thoroughfare or redeveloping in one of the most up-and-coming markets of Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 6 minutes ago | Last updated: March 4th, 2024 | Source CRMLS | DOM: 151
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Home details

Lot Sq. Ft
7,215
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Other
Status
Active
MLS#
23332401
City
Los Angeles
County
Los Angeles
Time on Site
163 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.02%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $334,311
  • Net Operating Income: $86,430
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,650
  • Trash: $8,122
  • Insurance: $5,404
  • Maintenance: $3,300
  • Professional Management: $5,670

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Property Details for 2603 Hauser Blvd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
Property Information
  • Total # of Units: 11
  • Parcel Number: 5048028006
Location / Neighborhood
Location Information
  • Directions: The subject property is located in a prime West Adams location south of West Adams Boulevard and east of Fairfax Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 2603 Hauser Blvd

Last sold on October 19th, 2020

  • November, 2023

  • Nov 15, 2023

    Date

    Active

    CRMLS: 23332401

    $2,500,000

    Price

  • October, 2020

  • Oct 19, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2603 Hauser Blvd

Assessed Value (2020): $273,104
Year Land Value Improved Value Assessed Value
2020 $109,237 $163,867 $273,104

Home Value Compared to the Market

This property vs the competition

2603 Hauser Blvd is listed 72.14% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $366.39 per/sqft which puts the price per square foot 52.54% lower than the median price per square foot for the city of Los Angeles.

About 2603 Hauser Blvd

Detailed summary of property

2603 Hauser Blvd is a other located in Los Angeles, CA 90016 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 5,868 living square feet, and sits on an approximately 7,215 square foot lot. 2603 Hauser Blvd was first listed on ArdentRealEstateGroup.com on November 15, 2023. The homeowner is currently asking $2,150,000 and was originally asking $2,500,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 72.14% higher than the median priced home. Local competing homes currently for sale include 12121 Washington Pl, 101 S Mariposa and 1442 W Slauson Ave. While the average home in Los Angeles, CA is selling in 97 days, 2603 Hauser Blvd has a days on market of 151 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 2603 Hauser Blvd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2603 Hauser Blvd

Public county record property details
Beds
--
Baths
--
Year built
1929
Sq. Ft.
5,868
Lot Size
7,212
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5048-028-006

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,150,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$955,000
Median Sold Price/Sq.Ft.
$651
Total Inventory
73
Median Sale to List Price %
100%
Avg Days on Market
28
Loan Type
Conventional (26.67%), FHA (0%), VA (0%), Cash (13.33%), Other (33.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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