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2500 RIVERSIDE Drive, Los Angeles, CA 90039

Commercial property

2500 RIVERSIDE Drive, Los Angeles, CA 90039 Sold January 2023 CRMLS
$2,480,000Sold January 2023

Listing Agent: Mark Cianciulli (DRE #01990266) · Listing Office: The CREM Group · Contact: 323-347-1009 · Bought with: Subscriber Non · Non-Participant Office · MLS #22160663 · Source: CRMLS

5,318
Building Sq Ft
7.79%
Cap Rate
7,911 sqft
Lot Size
1932
Year Built
LAC2
Zoning
Commercial property
Type

About this commercial property

The CREM Group is pleased to bring to market, 2500 Riverside Drive. Located on the corner of Riverside Drive and Fletcher Drive, the property boasts a 5,300+ sq. ft. single tenant commercial building, which is currently home to Ivanhoe Restaurant & Bar, a Silver Lake neighborhood staple. This unique location, with excellent street visibility and additional covered patio seating, is situated on the fringe of Silver Lake, Frog Town, Atwater Village, and Los Feliz, attracting patrons from all of these highly desirable neighborhoods and more. The tenant currently has a license for additional 40+ parking spaces with LADWP and the property has received a clean Phase 1 environmental clearance. This is a trust sale, court confirmation is not required. Two parcels, APN 5438-023-001 & 5438-023-002. The business and building can be sold together. Please call listing broker for details.

Listing description from the January 2023 sale, as reported to CRMLS.

Sale history

$2,480,000
Sold January 2023 · listed $2,695,000, orig. $3,200,000, on market May 2022 · MLS #22160663 · Source: CRMLS
Listing Agent: Mark Cianciulli · Listing Office: The CREM Group · Contact: 323-347-1009 · Bought with: Subscriber Non · Non-Participant Office
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