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.
Sold for $530,000 on 05/12/23
Listing Provided by:
Alex Colombo DRE #01927702 310-978-7950,
Lyon Stahl Investment Real Est
Bought with: Lyon Stahl Investment Real Est
$530,000
5730 E Beverly Blvd, Los Angeles, CA 90022
3beds
3baths
2,319sqft
Mixed Use
Built in 1958
-- sqft lot
$774,200 Zestimate®
$229/sqft
$2,515 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 15, 2023 at 08:55am
Listing Provided by:
Alex Colombo DRE #01927702 310-978-7950,
Lyon Stahl Investment Real Est
Bought with:
Alex Colombo, DRE #01927702
Lyon Stahl Investment Real Est
Source: CRMLS,MLS#: PW22252482
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Appliances
- Laundry: Washer Hookup
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,319
- Total interior livable area: 2,319 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Pool features: None
Lot
- Size: 2,379 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 6342001028
- Zoning: LCC3*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Street Lights, Urban
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Conventional
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Estimated market value
$774,200