Loading...

5328 E Beverly Blvd, Los Angeles, CA 90022

$325,000 2,006 Square Feet

Main Photo
SCROLL
Share This Property on Facebook Share This Property on Google+ Tweet This Property
property information
EAST LA MIXED USE
$325,000
2006 SQUARE FEET
LOT SIZE:
2,590
The Coronado Real Estate Group within KW Commercial is pleased to present for sale "La Moda Beauty Salon," which is a mixed use property on Beverly Blvd in East Los Angeles. The property consists of ground floor retail and a second story 2br + 1ba apartment with patio. Both units are leased to the same tenant for a total income of $1,400/month, which is significantly under market. Luckily, there is no lease in place and the tenant is month to month, making this an excellent opportunity for both owner-users and investors.
Built in 1961 by the current owner, the property consists of 2,006 SF on a 2,590 SF lot. There is a rear 1 car garage and 4 tandem parking spaces. Both units are separately metered for gas and electric, and have separate hot water heaters. The upstairs apartment has an open kitchen with a skylight, in-unit washer and dryer hook-ups, new carpet, and a large balcony that overlooks Beverly Blvd. The retail is built out as a beauty salon with 4 stations, 3 sinks and a private treatment room. The bathroom also has a shower.
This property has been lovingly cared for by the original owner and is a rare find. There is significant upside in the rent and the current tenant may be willing to continue leasing one or more units at market rent.
Located on a major thoroughfare, La Moda Beauty Salon is situated on Beverly Blvd just off Atlantic and the 60 Fwy, across from the famed Chimaya Art Gallery. It is also close to Olympic Blvd and offers access to the 5 Fwy. East Los Angeles is currently experiencing a revitalization and with the East LA Artwalk happening on Sunday afternoons along nearby 1st St, it is a great time to buy into the neighborhood.
ADDITIONAL INFORMATION
  • MLS #15-915885
  • Built in 1961
  • Area of Town: East Los Angeles
  • Available: 6/25/2015
  • Zoning: LC C3
  • Build Out: Retail & Apartment
map
share
 email
Sending Email...
Friend's Name
Friend's Email
Your Name
Your Email
Message
 
 Send me a copy of the email
 Send Message
contact
Charlie & Dana Coronado
Keller Williams Realty
323-841-2911 ~ 310-562-9630
CalBRE# 01723306 / 01746702
  
close
x
Pin This Photo