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.