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514 S Alvarado St
Los Angeles, CA 90057
Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Storefront
Building Size
5,300 SF
Building Class
C
Year Built
1953
Tenancy
Single
Building Height
1 Story
Building FAR
0.68
Lot Size
0.18 AC
Zoning
LAC2
Parking
12 Spaces (2.26 Spaces per 1,000 SF Leased)
Frontage
51’ on Alvarado

Amenities

  • Bus Line

About 514 S ALVARADO ST , LOS ANGELES, CA 90057

RESTAURANT/MEDICAL/COMMISSARY/BAKERY/POOL HALL VERY RARE OPPORTUNITY to own a restaurant property in the west of DTLA. Can be used for Restaurant, Commissary, Cafe, Bar, Bakery, Pool Hall, Night Club, Lounge, Tavern, Market, Medical Office and more (check with city). Current Occupants allowed: 250 Formerly had liquor license. Check with ABC about future use. Ceiling Height: Up to approx. 17 feet in the center of the building. Parking: 12 spaces, with iron gate, alley access in the rear. Potentially convert to more spaces. May qualify for Grandfather Law (Check with city). Great signage on heavy traffic street. Owner/user, investment, redevelopment. Currently owner occupied as retail store. Additional mezzanine/2nd floor. Estimated approx. 4,000 SF. Buyer to verify. Additional storage room in back of building. Estimated approx. 390 SF. Buyer to verify. Seller is motivated! For more detailed information or Package / OM, call or email Listing Agent. Close to Korea town and Downtown LA. Great access to 101,110 and 10 freeways.

Property Taxes

Property Taxes

Parcel Number
5154-029-008
Land Assessment
$1,137,827
Improvements Assessment
$512,020
Total Assessment
$1,649,847
  • Listing ID: 6286348

  • Date on Market: 3/15/2017

  • Last Updated:

  • Address: 514 S Alvarado St, Los Angeles, CA 90057

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