5328 E Beverly,  Los Angeles CA, 90022 (Residential Income)

2,006 sqft
Status: Sold
MLS#: 15915885
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Last Updated: 12/9/2016 2:47 AM
Description for 5328 E Beverly Los Angeles, CA 90022
La Moda Beauty Salon, mixed use property on Beverly Blvd in EastLA. The property consists of ground floor retail and a 2nd story 2br + 1ba apartment. Both units are leased to the same tenant for a total income of $1,400/month, which is significantly under market. Luckily, there is no lease in place and the tenant is MTM, making this an excellent opportunity for owner-users and investors! Built in 1961, the property consists of 2,006 SF on a 2,590 SF lot. There is a rear 1 car garage and 4 tandem parking spaces. Both units are separately metered for gas and electric, and have separate hot water heaters. The apartment has an open kitchen with a skylight, in-unit washer and dryer hookups, new carpet, and a large balcony overlooking Beverly. The retail is built out as a beauty salon with 4 stations, 3 sinks, private treatment room & bathroom with shower. This pride of ownership property has significant rental upside and is located in an area of EastLA that is experiencing revitalization!
Price
Sold Price:
$312,500
Sold Date:08/14/2015
Los Angeles
2,006 (approx)
15915885
Closed
Description
La Moda Beauty Salon, mixed use property on Beverly Blvd in EastLA. The property consists of ground floor retail and a 2nd story 2br + 1ba apartment. Both units are leased to the same tenant for a total income of $1,400/month, which is significantly under market. Luckily, there is no lease in place and the tenant is MTM, making this an excellent opportunity for owner-users and investors! Built in 1961, the property consists of 2,006 SF on a 2,590 SF lot. There is a rear 1 car garage and 4 tandem parking spaces. Both units are separately metered for gas and electric, and have separate hot water heaters. The apartment has an open kitchen with a skylight, in-unit washer and dryer hookups, new carpet, and a large balcony overlooking Beverly. The retail is built out as a beauty salon with 4 stations, 3 sinks, private treatment room & bathroom with shower. This pride of ownership property has significant rental upside and is located in an area of EastLA that is experiencing revitalization!
Listing Information
Property Type: Cluster, Other
0.06 Acres 2,590 sq.ft. 2,006 (approx)
1961
2 Total
Neighborhood
Room Information
Dryer Connection
Interior Features
Window/Wall Unit
Exterior / Lot Features
5 Parking Spaces, Tandem
LCC3*
Driving Directions
From the 101 Freeway get onto the 60 E Freeway. Exit Atlantic and Turn Right onto Atlantic Blvd. Turn Left onto Beverly Blvd and Destination is on the Right.
Financial Considerations
6341002007
,$4,305
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90022 has a population of 3,804,503.

The median household income in Los Angeles, California 90022 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90022 is 34.1 years.

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Courtesy: Keller Williams Studio City Dana Coronado
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