3251-3255 Beverly Blvd
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3251-3255 Beverly Blvd
5,251 SF Vacant Retail Building Los Angeles, CA 90057 £2,083,900 (£397/SF) 6.60% Net Initial Yield
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. With all units currently vacant, you can start earning returns right away. 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, you have the potential to build 27 units by right or take advantage of the TOC density bonus to construct up to 41 units. 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, you have the potential to build 27 units by right or take advantage of the TOC density bonus to construct up to 41 units. 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
£2,083,900
Price Per SF
£397
Net Initial Yield
6.60%
NOI
£137,537
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Slab to Slab
11 ft
Building FAR
0.48
Lot Size
0.25 AC
Zoning
LAC2
Parking
15 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Pylon Sign
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 | £142,077 (2024) |
| Land Assessment | £592,022 (2024) | Total Assessment | £734,099 (2024) |
PROPERTY TAXES
Parcel Number
5156-004-012
Land Assessment
£592,022 (2024)
Improvements Assessment
£142,077 (2024)
Total Assessment
£734,099 (2024)
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3251-3255 Beverly Blvd
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