4067 Beverly Boulevard, Los Angeles CA, 90004
(Active)
$3,900,000
|
7,990 sqft
|
MLS# 24378713
Last Updated: 5/8/2024 10:35 AM
Description for
4067 Beverly Boulevard
Los Angeles, CA 90004
PRIME LOCATION:Situated in the sought-after Oakwood/Melrose Hill area of Los Angeles, with coveted corner lot access to Beverly Blvd. BUILDING AND LOT:Spans 7,990 SF across two lots totaling 15,262 SF, offering significant development potential. TENANT COMPOSITION:Currently housing 5 under-market month-to-month tenants, presenting an opportunity for immediate rental upside. IDEAL CONFIGURATION:Well-suited for owner use, particularly for medical or industrial purposes, with existing unit configurations. PARKING COMPLIANCE:Site complies with the 2/1,000 SF medical parking requirement, enhancing its appeal for medical or industrial tenants. RENTAL UPSIDE:Potential for increased rental income with current tenants on month-to-month leases. VERSATILE SPACES:Features approximately 2,540 SF of retail space and a 5,450 SF industrial component, easily divisible to accommodate various businesses. RARE PARKING AVAILABILITY:Offers high-level parking, a rarity in the area, enhancing accessibility for tenants and customers. ZONING AND DEVELOPMENT POTENTIAL:Zoned C2 Tier 3 with eligibility for ED1, providing significant development opportunities. ENTERPRISE ZONE AND OPPORTUNITY ZONE:Located in the State Enterprise Zone and designated as an Opportunity Zone, offering potential tax benefits. STRATEGIC LOCATION:Positioned between Vermont and Western, boasting over 230 feet of frontage on bustling Beverly Blvd. ACCESSIBILITY:Easy access to the 101 freeway, Metro B line, Vermont/ Beverly Metro stop, as well as nearby amenities such as restaurants, bars, schools, and cultural landmarks. This mixed-use retail industrial property presents an exceptional investment opportunity in a highly desirable location with immense potential for growth and development.
Price
$3,900,000
Los Angeles
7,990 (approx)
24378713
Active
Description
PRIME LOCATION:Situated in the sought-after Oakwood/Melrose Hill area of Los Angeles, with coveted corner lot access to Beverly Blvd. BUILDING AND LOT:Spans 7,990 SF across two lots totaling 15,262 SF, offering significant development potential. TENANT COMPOSITION:Currently housing 5 under-market month-to-month tenants, presenting an opportunity for immediate rental upside. IDEAL CONFIGURATION:Well-suited for owner use, particularly for medical or industrial purposes, with existing unit configurations. PARKING COMPLIANCE:Site complies with the 2/1,000 SF medical parking requirement, enhancing its appeal for medical or industrial tenants. RENTAL UPSIDE:Potential for increased rental income with current tenants on month-to-month leases. VERSATILE SPACES:Features approximately 2,540 SF of retail space and a 5,450 SF industrial component, easily divisible to accommodate various businesses. RARE PARKING AVAILABILITY:Offers high-level parking, a rarity in the area, enhancing accessibility for tenants and customers. ZONING AND DEVELOPMENT POTENTIAL:Zoned C2 Tier 3 with eligibility for ED1, providing significant development opportunities. ENTERPRISE ZONE AND OPPORTUNITY ZONE:Located in the State Enterprise Zone and designated as an Opportunity Zone, offering potential tax benefits. STRATEGIC LOCATION:Positioned between Vermont and Western, boasting over 230 feet of frontage on bustling Beverly Blvd. ACCESSIBILITY:Easy access to the 101 freeway, Metro B line, Vermont/ Beverly Metro stop, as well as nearby amenities such as restaurants, bars, schools, and cultural landmarks. This mixed-use retail industrial property presents an exceptional investment opportunity in a highly desirable location with immense potential for growth and development.
Listing Information
| Property Type: Business Opportunities, Other | ||
| 0.35 Acres | Other | 7,990 (approx) |
| 1925 | ||
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
LAC2
Driving Directions
Positioned between Vermont and Western, boasting over 230 feet of frontage on bustling Beverly Blvd.
Financial Considerations
| 5520023009 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90004 has a population of 3,956,168.
The median household income in Los Angeles, California 90004 is $58,565. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90004 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/10/2024 | Active | $3,900,000 USD |
|