974 Chung King Road, Los Angeles, California 90012, Los Angeles, 90012 - 0 bed, 0 bath
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974 Chung King Road
Los Angeles, California 90012
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,400Sq Ft
1,200Lot Size
Property Price
LIST PRICE$1,400,000
EST. MARKET VALUE
$1,368,800
SUMMARY
This Mixed-Use Live/Work Asset is a High-Potential Investment Opportunity, listed at $1,400,000—positioned above the $1,368,800 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, the 2,400 SF creative studio and 1,000 SF basement offer significant value-add potential in the heart of Chinatown. The flexible layout supports diverse commercial and residential uses, making this a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to capitalize on the area's vibrant artistic identity and creative demand.
Estimated Market Value
$1,368,800
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 974 Chung King Road Subject | $1,400,000* List Price | 0 | 0 | 2,400 | $570 | - |
A 978 Chung King Active | $1,200,000 List Price | 0 | 0 | 2,400 | $500 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Live/Work Configuration
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.
- Prime Cultural Hub Location
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.
- Substantial Bonus Square Footage
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.
CONSRISKS & DEFICIENCIES
- Dated Infrastructure
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.
- Inadequate Bathroom Ratio
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.
About 974 Chung King Road
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.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1950
- Lot Size
- 1,200 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Castelar Street Elementary School
Grades K-5 • 0.2 mi
6/10
Ann Street Elementary School
Grades K-6 • 0.4 mi
3/10
Solano Avenue Elementary School
Grades K-6 • 0.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 2,400 | 4,065.4 |
| Lot Size | 1,200 | 6,744.9 |
| Price | $1.40M | $1.13M |
| Price per sq ft | $583 | $262 |
| Built year | 1950 | 1939 |
| HOA | $0 | $907 |
| Days on market | 121 | 110 |
Pricing History
Listed for Sale
May 11, 2026
$1,400,000
Initial Listing