3251-3255 Beverly Blvd | Los Angeles, CA 90057
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3251-3255 Beverly Blvd
Los Angeles, CA 90057
Retail Property For Sale
Investment Highlights
- CURRENT 6.6% CAP
- Fully Equipped Restaurant
- 11,132 SF C2 Zoned TOC Tier 1 lot
- Coin Laundry facility set up with all machines included
- Major Corner of Hoover and Beverly
- Redevelopment opportunity to build 27 units by right, 41 units using TOC bonus
Executive Summary
Introducing the perfect investment opportunity at the major corner of Beverly and Hoover! This corner retail building boasts an equipped restaurant and a coin laundry facility, making it a lucrative prospect for entrepreneurs seeking immediate income at market rates. With all units currently vacant, you can start earning returns right away. The property offers ample parking space, ensuring convenience for customers, and with a bus stop located right in front, accessibility is never an issue.
Beyond its present potential, this property also presents an exciting opportunity for redevelopment. With a generous 11,132 sq ft of C2 zoning, you have the potential to build 27 units by right or take advantage of the TOC density bonus to construct up to 41 units. Don't miss out on this prime location and the endless possibilities it offers for both immediate income and future growth!
Beyond its present potential, this property also presents an exciting opportunity for redevelopment. With a generous 11,132 sq ft of C2 zoning, you have the potential to build 27 units by right or take advantage of the TOC density bonus to construct up to 41 units. Don't miss out on this prime location and the endless possibilities it offers for both immediate income and future growth!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,251 SF
Building Class
C
Year Built
1980
Price
$3,744,260 CAD
Price Per SF
$713 CAD
Cap Rate
6.60%
NOI
$247,121 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.48
Lot Size
0.25 AC
Zoning
LAC2
Parking
15 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 5156-004-012 | Improvements Assessment | $254,370 CAD |
| Land Assessment | $1,059,938 CAD | Total Assessment | $1,314,308 CAD |
PROPERTY TAXES
Parcel Number
5156-004-012
Land Assessment
$1,059,938 CAD
Improvements Assessment
$254,370 CAD
Total Assessment
$1,314,308 CAD
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