974 Chung King Road, Los Angeles, California 90012, Los Angeles, 90012 - 0 bed, 0 bath
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Los Angeles, California 90012
Analysis of 974 Chung King Road, Los Angeles, California 90012 is currently available with a list price of $1,400,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1950, this property is functional but dated. The exterior shows window AC units, indicating a lack of modern central HVAC systems. While the interior is maintained for live/work use, the kitchenette and bathrooms appear to be older renovations (15-30 years) that require modernization to meet current residential standards.
The property features a unique dual-purpose layout with a high-ceiling creative studio/retail space on the ground floor and a spacious 4-bedroom residence upstairs, offering maximum flexibility for entrepreneurs and artists.
Situated in the heart of Chinatown’s historic Chung King Road, the property is surrounded by a vibrant community of art galleries and creative studios, providing high visibility and prestige within a renowned artistic destination.
Beyond the primary 2,400 SF, the inclusion of a 1,000 SF basement provides significant additional value for storage, production, or workshop needs, which is a rare find in this urban density.
Originally built in 1950, the property may require significant capital improvements to modernize its systems and structural elements to meet contemporary commercial and residential standards.
With 4 bedrooms in the residential unit and only 1.5 bathrooms shared across the living space, the configuration may be insufficient for larger households or high-traffic live/work scenarios.
Unique two-story live/work opportunity in the heart of Chinatown. Surrounded by renowned art galleries, creative studios, musicians, designers, and long-standing independent businesses, this live/work property is part of the cultural history and artistic identity that have made Chung King Road a destination within Chinatown. The ground floor features an expansive high-ceiling creative studio/retail space ideal for gallery, showroom, studio, boutique retail, or other creative uses. The space includes a bonus mezzanine loft overlooking the open studio, along with a ground-floor kitchenette and bathroom. In addition to the listed 2,400 SF, the property also includes an attached approximately 1,000 SF basement, offering additional space for storage, production, workshop, office, or creative expansion. Upstairs, the light-filled residential unit offers 4 bedrooms and 1.5 bathrooms with abundant natural light throughout. The second-floor residence can function with either a private entrance or connected access to the commercial space, creating a flexible live/work setup for the entrepreneur, artist, or visionary looking to bring their next concept to life.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1950 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 11, 2026
$1,400,000
Initial Listing