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3101 Beverly Boulevard, Los Angeles, CA 90057

Commercial property

3101 Beverly Boulevard, Los Angeles, CA 90057 Sold October 2024 CRMLS
$1,525,000Sold October 2024

Listing Agent: Nicole Apostolos (DRE #01464936) · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Rosa Baghdasarian · Network Realty · MLS #24427803 · Source: CRMLS

3,415
Building Sq Ft
4
Units
$40,638
NOI
6,615 sqft
Lot Size
1988
Year Built
LAC2
Zoning
Commercial property
Type

About this commercial property

3101 Beverly Blvd is well maintained, 1988 construction retail property with endless possibilities! The HVAC units are all newer, it has a cool white rubberized roof, new automatic trash enclosure and one (1) tankless water heater. It is situated on a 6,615 square foot corner lot with 106 feet of frontage on Beverly Blvd. The immediate area is deemed very walkable with a walk score of 89 indicating good foot fall in close proximity to the property and the traffic count is 22,006 vehicles a day! All four (4) units are currently occupied and all are on month-to-month leases. The subject property has great potential for an Owner User; All walls can be removed to reconfigure current layout to suit buyer's needs! SBA Financing with as little as 10% down can be utilized for an owner user! The property has seven (7) parking spaces including one ADA car accessible space and ample street parking on both Beverly Blvd and Vendome St. The 20-foot pole sign has recently been converted to LED. The subject property is well located with trendy neighborhoods like Silver Lake and Echo Park in close proximity. This location offers very easy access to all the restaurants and amenities offered by East Hollywood, Downtown LA and Koreatown. There is easy access to the 101 Freeway, public transportation, Kaiser Hospital, LACC and multiple post production houses, providing a stable tenant base.

Listing description from the October 2024 sale, as reported to CRMLS.

Sale history

$1,525,000
Sold October 2024 · listed $1,600,000, on market August 2024 · MLS #24427803 · Source: CRMLS
Listing Agent: Nicole Apostolos · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Rosa Baghdasarian · Network Realty
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