5730 E Beverly Boulevard, Los Angeles, CA 90022
Property
Sold May 2023
Listing Agent: Alex Colombo (DRE #01927702) · Listing Office: Lyon Stahl Investment Real Est · Contact: 310-978-7950 · Bought with: Alex Colombo · Lyon Stahl Investment Real Est · MLS #PW22252482 · Source: CRMLS
About this property
5730 E Beverly Blvd in East Los Angeles consists of two separate buildings. At the back of the property is a two story house consisting of 4 bedrooms and 3 baths with independent access through the alley and a 2-car garage. Situated at the front is the second unit that has been historically rented as a retail space sitting directly on Beverly Blvd. This front commercial unit could be repurposed as office space or as a 1 bedroom residential additional dwelling unit (Buyer Must Verify). The front unit will be delivered without tenants, the back unit has the potential to be delivered the same way. This offering presents the opportunity for an investor to add value through repurposing the front unit, or rent the commercial unit as is to command just shy of a 5% cap at the offered price. The deal has great potential for an owner-user alike. This asset is situated off of route 60 Pomona Freeway; one mile away from East Los Angeles College; and less than two miles away from the 24 million dollar 3rd and Dangler Project, a 78 unit transit oriented development project that will provide residents of East Los Angeles better access to public transportation, connecting them to job opportunities in downtown Los Angeles and the San Gabriel Valley.
Listing description from the May 2023 sale, as reported to CRMLS.
Sale history