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Investment Highlights

  • Wow! Wow! Wow! Come see this amazing Opportunity to own a mixed-use property located near the 2 major cross streets: Atlantic and Beverly.

Executive Summary

Wow! Wow! Wow! Come see this amazing Opportunity to own a mixed-use property located near the 2 major cross streets: Atlantic and Beverly. Come take a look at this downstairs recording studio with 2 handicap accessible bathrooms. Downstairs area measures an estimated 2,000 sq ft with a possibility of converting it into a store front. The studio has a recording booth, a special vocal recording area, with sound proofing all around the downstairs, special lighting, sound boards for better acoustics, and custom electrical work. This place can handle any studio needs you might have. There is a small lounge area that connects to the recording booth, allowing you to hang out or take calls while others work. There is also a 2-car attached garage with a separate entrance that can be used for storage or converted into an ADU for Additional potential income. The Lot feels much bigger and would be a perfect place to host events, given the privacy provided by the building and the fence surrounding the backyard. Once you see the property, you can picture intimate events taking place there. The opportunities are exponential. Upstairs, has 3 bedrooms / 1 bathroom unit with a kitchen and living room. This unit has separate entrances at both the front and the back. This upstairs unit has refinished hardwood floors that beautifully stand out and is ready to move into. Property has AC and 3 separate electrical meters, allowing the new owner to divide the space differently than its current configuration. Come take a look at this Gem today. Owner's architect checked with the County Regional Planner and this property is zoned for Max Density (7) dwelling units with no Minimum parking required.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,617 SF
Building Class
C
Year Built
1949
Price
$999,900
Price Per SF
$276.44
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.63
Lot Size
0.13 AC
Zoning
C3, L.A. County - Commercial Store Combination - Store & Residential
Parking
2 Spaces (0.55 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
40/100

Nearby Major Retailers

Starbucks
The Coffee Bean & Tea Leaf
Denny's
King Taco
Ono Hawaiian BBQ
Yoshinoya
IHOP
Ralphs
Fit Body Boot Camp
Bank of America

Property Taxes

Property Taxes

Parcel Number
5249-031-001
Land Assessment
$255,466
Improvements Assessment
$137,307
Total Assessment
$392,773
  • Listing ID: 34011526

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 5221 E Beverly Blvd, East Los Angeles, CA 90022

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