Description

BEST PRICED multi-use/church/wedding venue site in LA! Recently appraised in May 2024 at $2,500,000, providing strong third-party support for value. Ownership is pursuing an accelerated sale due to financing and carrying-cost pressures associated with an existing loan structure, creating immediate opportunity pricing for qualified buyers. This is a great opportunity to acquire a two-story multi-use institutional facility offered together with an adjacent dedicated parking lot in the heart of South Los Angeles. The offering includes two parcels totaling approximately 12,012 SF of land with an improved building of approximately 9,688 SF, featuring two large halls across the first and second floors (approx. 4,600+/- SF and 4,606+/- SF respectively), allowing for flexible or simultaneous use configurations. Currently utilized as a church, the property is also entitled for multi-use including religious facility, private club, nonprofit, assembly hall, and event-based uses, offering a versatile layout for religious use, private events, wedding venue, educational programs, nonprofit organizations, community services, or other assembly uses (buyer to verify). Improvements include two large assembly halls with stage/podium areas, classrooms, offices, storage, multiple restrooms, a large commercial-style kitchen, wide central staircase, multiple entrances/exits, and high ceilings throughout. The adjacent parcel provides approximately 22 on-site parking spaces with alley access, a rare and valuable feature for urban properties. Additional features include 400-amp electrical service, roof permits in 2019 (buyer to verify), and overall clean, functional condition. A small secured telecom equipment room (approx. 160 SF, less than 2% of the building) is subject to an existing easement. Centrally located with convenient access to Downtown Los Angeles, major corridors, and surrounding dense residential neighborhoods with strong demand for institutional and community-based uses. Ideal for church, school, nonprofit, community facility, event use, owner-user, investor, or redevelopment multifamily opportunity. All information, including square footage, permits, zoning, and use, is approximate and subject to buyer investigation.