5628 York Boulevard

Los Angeles, CA 90042

$1,788,500

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $673 / sqft

1947

calendar_month Built

Property Description

The Mangassarian Team is excited to present an unparalleled investment opportunity at 5628 York Blvd, Los Angeles, CA 90042. This property showcases a 2,655-square-foot building and a generous 5,595-square-foot land area, complete with an alley. Its diverse layout features two 1,000-square-foot commercial shops and a 1-bedroom house. Nestled in the prime location of York Blvd in Eagle Rock, this property offers distinctive features, including a currently rented shop at $4,700, a vacant shop open for customization, and an available house for rent at $2,500. Priced attractively at $1,788,500, the property comes with special financing options, including owner carry with a 30% for 5 years at 5.5% interest only. Highlighting its investment appeal, the property boasts a vibrant location on York Blvd, renowned for trendy establishments. Its advantageous proximity to a large grocery store ensures significant foot traffic, enhancing its visibility. The property's versatility is evident, catering to both retail and 1BR residential purposes. Diving into the detailed aspects, the property can be categorized as a Class C retail storefront with integrated residential components. Originally constructed in 1947 and subject to a meticulous renovation in 2023, the structure epitomizes a single-tenanted, 1-story configuration. Its Floor Area Ratio (FAR) stands at 0.47, indicating a balanced relationship between the building size and the land area. Strategically positioned within a C2 State Enterprise Zone, the property occupies 0.13 acres, providing a notable foundation for potential growth and development. Noteworthy features include ample on-site parking, comprising 6 spaces, translating to a favorable ratio of 2.26 spaces per 1,000 square feet leased. Additionally, the property boasts a substantial 40 feet of frontage on the bustling York Blvd. This investment opportunity is intricately crafted, combining a strategic location with a diverse layout, setting the stage for multifaceted utility

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 5628 York Boulevard
City Los Angeles
State CA
Zip 90042
County Los Angeles
Listing Agent Arthur Mangassarian DRE#00751703
Co-Listing Agent Tom Kwak DRE#01084158
Courtesy Of Re/Max Tri-City Realty
MLS GD24067109
List Price $1,788,500
Status Active
Type Commercial
Subtype Multi Family
Structure Size N/A
Lot Size N/A
Year Built 1947
DOM 6

Exterior Information

Maps

Listing information courtesy of: Arthur Mangassarian, Tom Kwak, Re/Max Tri-City Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 9th, 2024 at 1:11 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.