Auction Sale | 18-Unit Mixed-Use + Parking Lot

Highlights:

• Trust Sale | No Court Confirmation Required | After 43 Years
• Suggested Minimum Starting Bid: $1,500,000 for both parcels, sold together
• Worldbid Auction: November 19, 2026
• Pre-Auction Bids: Due through November 5, 2026
• 18-Unit Mixed-Use Property + 25-Space Parking Lot in Koreatown
• Approx. 12,960 SF building on 8,504 SF lot, plus 8,699 SF adjacent parking lot
• 12 Residential Units + 6 Commercial Units; one commercial unit delivered vacant at COE
• Parking lot zoned LAR4; building zoned LAC2

Description:

The asking price represents for both parcels, the suggested minimum starting bid of $1,500,000. Worldbid Auction Sale on November 19, 2026. Pre-auction bids are due now through November 5, 2026. The auction qualifying round will take place from November 12 through November 19, 2026, with bids due by 12:00 noon PST on November 19, 2026. For the available due diligence materials, please register at: https://www.braunco.com/1250-1252-south-lake-street-los-angeles-ca-90006/ Trust Sale. No Court Confirmation Required. For sale AFTER 43 years! 18-unit Mixed-use property + Parking Lot located in the heart of Koreatown. Unit mix 10 x 1 bed 1 bath, 1 x 1 bed 3 bath & 1 x 2 bed 1 bath residential units, plus 6 commercial units. Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces. Both properties to be sold together. Existing building is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. One of the commercial units is vacant and will be delivered vacant at COE. Separately metered for both gas and electricity for residential. Property is being sold AS IS and WHERE IS without warranty expressed or implied and with current tenants in place. Minutes away from Downtown LA, Staples Center, LA Live, Restaurants, major attractions, and USC. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.

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