8016-8018 W 3rd St | Los Angeles, CA 90048
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- LoopNet Team
8016-8018 W 3rd St
Los Angeles, CA 90048
Restaurant Owner-User For Sale Beverly Grove · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Restaurant | Medical | Retail User Potential: Excellent Opportunity for SBA 504 Financing to Purchase for Owner-Users
- Extensive Updates to Building: Significant Remodel to Building in 2018 Such as: New Roofing, New HVAC, New ADA bathrooms, New Electrical and more.
- Additional Income: Rare Income-Producing Billboard Sign on the Roof, Adding to the Property’s Revenue Stream.
- Two Retail Spaces, Including a Fully Built 1,920 SF Vacant Restaurant Space and a Currently Occupied 1,000 SF Retail Space.
- Prime Beverly Grove Location: Strategically Positioned Retail Building in One of Los Angeles' Prime Retail Corridors. Walking Score of 95.
- Outdoor Patio Seating: The 1,920 SF Vacant Former Restaurant Space has Extensive Existing Restaurant Fixtures and Features
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,925 SF
Building Class
C
Year Built/Renovated
1946/2018
Percent Leased
34%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.67
Lot Size
0.10 AC
Zoning
LAC2 - Commercial
Parking
3 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
76’ on W 3rd St
AMENITIES
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 5511-028-027 | Improvements Assessment | $505,193 |
| Land Assessment | $2,901,463 | Total Assessment | $3,406,656 |
PROPERTY TAXES
Parcel Number
5511-028-027
Land Assessment
$2,901,463
Improvements Assessment
$505,193
Total Assessment
$3,406,656
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