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2734 N Eastern Ave 840 SF Retail Building Los Angeles, CA 90032 $699,000 ($832.14/SF)
INVESTMENT HIGHLIGHTS
- Prime Location & Neighborhood
- Recent Remodel & Development Potential
- Multi-Tenant Commercial Building
- Zoned C4 (Neighborhood Commercial)
EXECUTIVE SUMMARY
NAI Capital is pleased to present an opportunity to purchase a small multi-tenant (2 tenants) building measuring +/- 840 square feet of retail / commercial space on ±2,187 square feet of land (per Assessor) for a myriad of scenarios: Owner-User, Creative Office or Retail; featuring a reliable income stream from a successful coffee shop and located in a desirable Los Angeles infill suburb location.
The building only covers 37% of the lot area, opening up the possibility for the excess land to be developed as an ADU and/or commercial dwelling (please consult with City of Los Angeles for more information).
Situated in El Sereno, the property is surrounded by University Hills, Boyle Heights, East Los Angeles, Lincoln Heights, Montecito Heights, Highland Park, and the cities of Alhambra, Monterey Park, and South Pasadena, El Sereno sits along the Monterey Hills that form a natural gateway between Los Angeles and the San Gabriel Valley.
At an asking price of only $649,000, this property won't last very long, so contact our marketing representatives for a tour today!
The building only covers 37% of the lot area, opening up the possibility for the excess land to be developed as an ADU and/or commercial dwelling (please consult with City of Los Angeles for more information).
Situated in El Sereno, the property is surrounded by University Hills, Boyle Heights, East Los Angeles, Lincoln Heights, Montecito Heights, Highland Park, and the cities of Alhambra, Monterey Park, and South Pasadena, El Sereno sits along the Monterey Hills that form a natural gateway between Los Angeles and the San Gabriel Valley.
At an asking price of only $649,000, this property won't last very long, so contact our marketing representatives for a tour today!
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
840 SF
Building Class
C
Year Built
1947
Price
$699,000
Price Per SF
$832.14
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.05 AC
Zoning
C4 - Neighborhood Commercial
Frontage
AMENITIES
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5217-001-011 | Improvements Assessment | $334,280 |
| Land Assessment | $212,241 | Total Assessment | $546,521 |
PROPERTY TAXES
Parcel Number
5217-001-011
Land Assessment
$212,241
Improvements Assessment
$334,280
Total Assessment
$546,521
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2734 N Eastern Ave
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