1016 Albany Street, Los Angeles, CA 90015

Property Description

AMAZING opportunity to own a prime piece of real estate in the heart of Downtown LA!! A LOCATION, LOCATION, LOCATION. You will own 2 buildings on a HUGE 16,500 sqft lot (.38 of an acre) 12 unit apartment building with 2 bedroom, 1 bath units- approximately 600 sqft each unit! 2nd building: Victorian Style Duplex with 3 bedrooms and 1 bath each, approximately 1550 sqft each! HUGE LOT w/space to add an ADU! Walk down the street to LA Live, Crypto Arena, Microsoft Theater and all of the amazing restaurants in Downtown, Los Angeles. Close proximity to major amenities like Staples Center, Los Angeles Convention Center, Grammy Museum LA Live, Ritz Carlton and the Santee Alley. Right in the heart of DTLA, Koreatown is closeby, as well as University of Southern California, Loyola Law School Los Angeles & Los Angeles Trade Technical College. Direct Access to 110 Freeway. Los Angeles is known for its ethnic diversity and sprawling metropolis. The city is also one of the most substantial economic engines within the nation, with a diverse economy in a broad range of professional and cultural fields. Los Angeles will be hosting the 2028 Summer Olympics. The subject is located in the Enterprise Zone and Transit Priority Overlay Zones.