3101 Beverly Blvd, Los Angeles, CA 90057

3,415 SF | 100% Leased | Retail Building | Los Angeles, CA 90057 | $1,600,000 ($469/SF)

Asking Price $1,600,000

Property Type: Retail
Square Feet: 3,415 SF
Price / Square Foot: $469

Listing Contacts

Nicole Apostolos

Property Info

Property Overview

3101 Beverly Blvd is well maintained, 1988 construction retail property with endless possibilities! The HVAC units are all newer, it has a cool white rubberized roof, new automatic trash enclosure and one (1) tankless water heater. It is situated on a 6,615 square foot corner lot with 106 feet of frontage on Beverly Blvd. The immediate area is deemed very walkable with a walk score of 89 indicating good foot fall in close proximity to the property and the traffic count is 22,006 vehicles a day! All four (4) units are currently occupied and all are on month-to-month leases. The subject property has great potential for an Owner User; All walls can be removed to reconfigure current layout to suit buyer’s needs! SBA Financing with as little as 10% down can be utilized for an owner user! The property has seven (7) parking spaces including one ADA car accessible space and ample street parking on both Beverly Blvd and Vendome St. The 20-foot pole sign has recently been converted to LED.
The subject property is well located with trendy neighborhoods like Silver Lake and Echo Park in close proximity. This location offers very easy access to all the restaurants and amenities offered by East Hollywood, Downtown LA and Koreatown. There is easy access to the 101 Freeway, public transportation, Kaiser Hospital, LACC and multiple post production houses, providing a stable tenant base.

Property Details

Class: C
Year Built: 1988
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 6,534 SF

Highlights

Great location on Beverly Blvd. & Virgil Ave. 6,615 SF LAC2 corner lot. Newer Property built in 1988!
Four Retail Units all currently leased, ALL month to month! Great Owner User or Investment Opportunity
Endless possibilities: All walls can be removed to reconfigure current layout!
Excellent Frontage with 106 feet on Beverly Blvd and 172 feet on Vendome St. Traffic Count of 22,006 Vehicles a day!
Seven (7) parking spaces and ample street parking
Over 5% CAP at Market Rents

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