This mixed-use property in the heart of Chinatown features two retail units, each approximately 2,000 square feet, and a spacious residential dwelling of 2,400 square feet. Located on a major traffic artery near the 110 freeway, this prime location offers excellent visibility and foot traffic. The north-facing orientation of the property attracts even more visitors, making it ideal for a variety of retail businesses, professional offices, or medical facilities. To maximize rental income, the residential dwelling can be converted into three rental units consisting of one 2-bed/2-bath unit and two 1-bed/1-bath units.
The property is also within close proximity to many of Los Angeles' most popular cultural attractions, including Dodger Stadium (1 minute away), Walt Disney Concert Hall (5 minutes away), and MOCA (10 minutes away). This makes the residential unit a highly desirable place to live, offering residents the opportunity to experience the best of what LA has to offer.
Movie buffs will be excited to learn that the property is located next door to the filming location of the iconic scene in Rush Hour where Jackie Chan and Chris Tucker were tricked into going to Foo Chow restaurant to meet the international mob boss Juntao. However, Juntao was not actually at the restaurant, and Chan and Tucker must fight their way out.
This property offers a unique opportunity to own a valuable asset in a thriving and vibrant neighborhood. With its prime location, flexible retail and residential spaces, and proximity to major attractions, this property is sure to appeal to a wide range of investors and business owners.