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Medusa Lounge 3211 Beverly Blvd 4,480 SF Retail Building Los Angeles, CA 90057 $4,888,000 ($1,091.07/SF) 7% Cap Rate
EXECUTIVE SUMMARY
- CENTRAL LOCATION FROM DOWNTOWN LOS ANGELES TO HOLLYWOOD
- EASY ACCESS FROM 101 FREEWAY TO 110 FREEWAY
- TURN KEY PROPERTY!! - DOUBLE LOT INCLUDING PARKING SPACES
FULLY REMODELED AND UPDATED, THE SELLER SPENT $900,000.00 IN RENOVATION AND PERMITS. CUP GRANDFATHER IN!! ABC 47 MAY BE
SOLD WITH THE PROPERTY. INQUIRE WITHIN. SHOWING WITH ACCEPTED OFFER. DO NOT DISTURB TENANT AT ANY TIME, THIS WILL BE A
REASON FOR THE TERMINATION OF YOUR LOI OR AN OFFER.
PARKING 40 SPACES (8.93 SPACES PER 1,000 SF LEASED)
FRONTAGE 120 FT ON BEVERLY BLVD
- EASY ACCESS FROM 101 FREEWAY TO 110 FREEWAY
- TURN KEY PROPERTY!! - DOUBLE LOT INCLUDING PARKING SPACES
FULLY REMODELED AND UPDATED, THE SELLER SPENT $900,000.00 IN RENOVATION AND PERMITS. CUP GRANDFATHER IN!! ABC 47 MAY BE
SOLD WITH THE PROPERTY. INQUIRE WITHIN. SHOWING WITH ACCEPTED OFFER. DO NOT DISTURB TENANT AT ANY TIME, THIS WILL BE A
REASON FOR THE TERMINATION OF YOUR LOI OR AN OFFER.
PARKING 40 SPACES (8.93 SPACES PER 1,000 SF LEASED)
FRONTAGE 120 FT ON BEVERLY BLVD
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
4,480 SF
Building Class
C
Year Built/Renovated
1936/2022
Price
$4,888,000
Price Per SF
$1,091.07
Cap Rate
7%
NOI
$342,160
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.31 AC
Zoning
C2
Parking
40 Spaces (8.93 Spaces per 1,000 SF Leased)
Frontage
120’ on Beverly Blvd
AMENITIES
- Bus Line
- Corner Lot
- Fenced Lot
- Restaurant
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $504,073 | |
| Land Assessment | $2,653,019 | Total Assessment | $3,157,092 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,653,019
Improvements Assessment
$504,073
Total Assessment
$3,157,092
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Medusa Lounge | 3211 Beverly Blvd
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