Listed by Melanie Guillen•DRE #01322895• Keller Williams Realty
Contact: 323-702-3850
For sale
$1,200,000
Est. $8,029/mo —
2
bd
•
3 ba
•
2,400
sq ft
978 Chung King, Los Angeles, CA 90012
About this home
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.
Chinatown, located between Downtown Los Angeles and Echo Park, is a historic and arts-forward Los Angeles neighborhood with a lantern-lined central plaza and hillside views. The neighborhood’s character concentrates around Broadway and College Street, where herbal shops, bakeries, galleries, and late-night eateries cluster under neon and pagoda-style roofs. Chinatown Central Plaza sets the architectural tone with courtyards, gateways, and pedestrian passages. The Chinese American Museum anchors local history, while the Chinatown Branch Library adds a civic calm. At night, the Golden Dragon Restaurant and the storied Hop Louie keep the streetscape animated. The Metro A Line at Chinatown Station ties the district to the wider city without changing its street-level rhythm.
Provided by Walk Score and Local Logic
Offer insights
978 Chung King · $1,200,000
$1.2M and above
75% chance or better to win
Why $1.2M+ is a strong offer
DAYS ON MARKET
74 days
The average home goes pending in 70 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Living
Interior features
Street-level entry
All bedrooms located upstairs
Bedrooms
Unit includes bedrooms on upper level
Bathrooms
One unit with 1 three-quarter bath
One unit with 2 full baths
Kitchen
No kitchen appliance details provided
Laundry & utility
No laundry facilities
Flooring
Concrete floors
Heating & cooling
Electric heating
Electric cooling
Exterior features
No pool
Home design
Attached property (end unit with one common wall)
2-story building
No accessory dwelling unit indicated
Parking
Parking details not provided
Security
No security features provided
Construction
Year built per assessor
Single building with 2,400 total building area
Utilities
Public sewer
District/public water
Natural gas connected
Electricity available
Water connected
Two separate electric meters
Two separate gas meters
One separate water meter
HOA & community
Community supports biking and has an urban setting
Financial info
Total actual rent reported for a unit: $1,400
One unit shows actual rent of $1,406
Gross scheduled income: $16,872
Gross income: $16,872
Net operating income: $10,800
Operating expenses: $8,298
Total expenses: $6,072
Insurance expense: $3,170
Water/sewer expense: $2,362
One of two units is leased
Other
Total number of units on property: 2
Total number of buildings: 1
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
5414005036
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 21, 2026.
Local insights from Redfin agents
The Los Angeles market is becoming more balanced, with buyers gaining a little more negotiating room as homes take longer to sell and price reductions become more common. Well-priced homes in desirable neighborhoods can still attract strong interest....
LA real estate remains resilient, with long-term demand, limited desirable inventory, and strong neighborhood-by-neighborhood opportunities. For savvy buyers and sellers, the current market creates opportunities to negotiate strategically and build...
The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...