4729 E Olympic Blvd - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90022
$1,050,000 USD
310-666-2246
4729 E Olympic Blvd, Los Angeles, CA for Sale
$1,050,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 5.41% Cap Rate

4729 E Olympic Blvd
Los Angeles, CA 90022


HIGHLIGHTS

  • Fully occupied but restaurant is open to sell business.
  • The SFR is leased at below market rents and presents an upside.
  • Located on the corner of a major commercial throughfare.

OVERVIEW

This opportunity presents a truly enticing prospect for astute investors or owner users seeking to secure an exceptional mixed-use property in the vibrant heart of East Los Angeles. The subject property boasts a prime location on the prominent corner of Olympic Blvd. and Kern Ave., ensuring unmatched visibility and foot traffic. Anchored by an established retail restaurant, this thriving business offers not only consistent income but also immense potential for growth in this bustling neighborhood. Complementing this commercial space is a thoughtfully laid-out single-family residence featuring three bedrooms and two bathrooms, providing prospective owners with the added advantage of residing onsite if desired. Currently leased on a month-to-month basis, both units offer flexibility for investors to explore various options while enjoying rental income streams from day one. With its ideal positioning at such a sought-after intersection, discerning investors or owner users can capitalize on the boundless opportunities presented by this singular East LA gem without compromising professional ambitions or personal aspirations.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$363 USD /SF

CAP RATE

5.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

FULLY LEASED - RESTAURANT + SFR

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1942

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,212 SF

ZONING

LCM1

APN/PARCEL ID

5246-019-038

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.