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FULLY LEASED - RESTAURANT + SFR 4729 E Olympic Blvd

2,889 SF 100% Leased Retail Building Los Angeles, CA 90022 £821,573 (£284/SF) 5.41% Net Initial Yield

Investment Highlights

  • Fully occupied but restaurant is open to sell business.
  • Located on the corner of a major commercial throughfare.
  • The SFR is leased at below market rents and presents an upside.

Executive Summary

This opportunity presents a truly enticing prospect for astute investors or owner users seeking to secure an exceptional mixed-use property in the vibrant heart of East Los Angeles. The subject property boasts a prime location on the prominent corner of Olympic Blvd. and Kern Ave., ensuring unmatched visibility and foot traffic. Anchored by an established retail restaurant, this thriving business offers not only consistent income but also immense potential for growth in this bustling neighborhood. Complementing this commercial space is a thoughtfully laid-out single-family residence featuring three bedrooms and two bathrooms, providing prospective owners with the added advantage of residing onsite if desired. Currently leased on a month-to-month basis, both units offer flexibility for investors to explore various options while enjoying rental income streams from day one. With its ideal positioning at such a sought-after intersection, discerning investors or owner users can capitalize on the boundless opportunities presented by this singular East LA gem without compromising professional ambitions or personal aspirations.

Attachments

4729EastOlympic

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,889 SF
Building Class
C
Year Built
1942
Price
£821,573
Price Per SF
£284
Net Initial Yield
5.41%
NOI
£44,447
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.69
Lot Size
0.10 AC
Zoning
LCM1
Frontage
151 ft on Kern Ave & Olympic Blvd
Walk Score ®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Camp Transformation Center
Denny's
King Taco
Starbucks
Bank of America
Citi
Chase
Rent-A-Center
Ruby's Diner
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5246-019-038
Land Assessment
£284,893
Improvements Assessment
£186,960
Total Assessment
£471,853
  • Listing ID: 29727812

  • Date on Market: 06/10/2023

  • Last Updated:

  • Address: 4729 E Olympic Blvd, Los Angeles, CA 90022

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