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3251-3255 Beverly Blvd 5,251 SF Retail Building Los Angeles, CA 90057 $2,600,000 ($495.14/SF) 6.60% Cap Rate
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. 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. 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. Don't miss out on this prime location and the endless possibilities it offers for both immediate income and future growth!
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
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
$2,600,000
Price Per SF
$495.14
Cap Rate
6.60%
NOI
$171,600
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.48
Lot Size
0.25 AC
Zoning
LAC2 - "Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Parking
15 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 3253
- 790 SF
- Restaurant
- In-Line
- Now
- 3255
- 1,091 SF
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 3253 | 790 SF | Restaurant | In-Line | Now |
| 3255 | 1,091 SF | Retail | End Cap | Now |
3253
| Size |
| 790 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
3255
| Size |
| 1,091 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5156-004-012 | Improvements Assessment | $180,809 (2025) |
| Land Assessment | $753,415 (2025) | Total Assessment | $934,224 (2025) |
PROPERTY TAXES
Parcel Number
5156-004-012
Land Assessment
$753,415 (2025)
Improvements Assessment
$180,809 (2025)
Total Assessment
$934,224 (2025)
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3251-3255 Beverly Blvd
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