978 Chung King
Los Angeles, CA, 90012 $ 1,200,000
Baths1.0 Sq 2,400 Monthly Estimate*
$ 7,577
Listed by Keller Williams Realty
Studio for $1,200,000 with 1 full bath. This 2,400 square foot home was built in 1950 on a lot size of 0.0417.
Priced to move on historic Chung King Road in the heart of Chinatown— a rare two-story live/work property with THREE distinct levels of usable space, including a character-rich retail/creative ground floor with loft, an upstairs 2nd floor residential space, and an approximately 1,200 SF basement with concrete floors. The ground floor is a flexible retail and creative space that opens directly onto historic Chung King Road, with a large storefront window creating a true window onto the pedestrian street and connecting the interior with the energy and character of the corridor outside. The space provides an ideal setting to showcase art, merchandise or a creative concept directly to the street. An open layout, soaring ceilings, and an additional loft—not included in the stated square footage—add character and valuable usable space, making it well suited for a gallery, showroom, design studio, creative office, boutique retail concept or other owner-user vision. The ground floor also has a bathroom with a kitchenette. The second floor is currently configured as two smaller residential units, offering immediate flexibility while presenting an exciting opportunity for a new owner to reimagine the entire upper level. With the right touch, the space could be thoughtfully reconfigured to suit the next owner’s vision and taste—whether maintaining the existing layout or creating a more expansive residential environment to complement the live/work nature of the property. Below, an approximately 1,200 SF basement, also not included in the stated square footage, provides substantial additional space and flexibility. The basement has a separate exterior entrance, with the option to create a direct interior connection to the ground-floor space, allowing a future owner to tailor the property to their needs. Concrete floors add to the look and feel of this basement with so much possibility for its use. Located in the heart of historic Chung King Road, the property is surrounded by a long-established creative community of artists, musicians, galleries, collectors and independent businesses. Moments from Central Plaza, Downtown Los Angeles, and Dodger Stadium , 978 Chung King Road offers an unusual combination of location, character, flexibility and substantial additional usable space. Three distinct levels of usable space. Retail + Loft + Residential + Approx. 1,200 SF Basement. Strategically priced to move.
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FeaturesGeneralSewer Public Sewer
Heating Electric
Cooling Electric
Utilities Electricity Available Natural Gas Connected Water Connected
Garage Spaces 0
Pool Features None
Year Built 1950
Tenant Pays Electricity Gas
Property Subtype Mixed Use
Gross Income 16872
Community Features Biking Urban
County Los Angeles
Net Operating Income 10800
Operating Expense 8298
Insurance Expense 3170
New Construction false
Property Type Residential Income
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Hill Street
City Los Angeles
Entry Location street
Senior Community Y/N false
Number Of Units Total 2
MLS Area CHNA - Chinatown
Lot Size Units Square Feet
Lot Size Square Feet 1815
Number of Units Leased 1
Listing Terms Submit
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 0
Water Sewer Expense 2362
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 48
Total Actual Rent 1400
Property Sub Type Additional Mixed Use
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InteriorInterior Amenities All Bedrooms Up
Flooring Concrete
Total Stories 2
Common Walls 1 Common Wall End Unit
Air Conditioning Y/N true
Heating Y/N true
Laundry Features None
Entry Level 1
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ExteriorLot Features 0-1 Unit/Acre
Water Source Public
Total Parking 0
Lot Size Area 1815
Number of Buildings 1
Building Area Total 2400
Lot Size Acres 0.0417
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded FeaturesList ByKeller Williams RealtyBroker
melanieguillen@kw.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,577
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,846,906
Percent of Sale Price 54%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/21/2026 | $1,200,000 | | Listed Price |