For Sale $1,100,000
Property Type Retail - Street Retail
Property Size 2,340 SF
Units 2
Lot Size 0.16 Acre
Parking Spaces Avail. 8
Property Tenancy Multi-Tenant
Year Built 1963
Date Updated Apr 8, 2024

Nestled in the vibrant neighborhood of East Los Angeles, the area surrounding 4620 E. 3rd St. exudes a unique cultural charm and dynamic energy. With a rich tapestry of diverse businesses, local eateries, and community-centric spaces, this neighborhood offers a genuine sense of connection. Strategically positioned, residents and visitors alike benefit from the convenience of nearby amenities, ensuring a thriving atmosphere that contributes to the overall appeal of this East LA locale.This exceptional property at 4620 E. 3rd St., Los Angeles, CA 90022, stands out as a lucrative investment opportunity. Boasting a ground floor retail space under a long-term lease and a consistently occupied second-floor apartment, its unique features, including well-positioned parking and high-visibility pole signage for the ground floor, enhance its appeal. The potential for the ground floor to be delivered vacant at close makes it an ideal prospect for an owner-user, especially when considering financing options such as an SBA loan.

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Highlights

Occupancy Details: The property's ground floor is currently leased long-term, providing stable income, while the second-floor apartment has a reliable, longstanding tenant. This dual-income stream enhances the property's overall financial stability.
Owner-User Potential: The ground floor, with the possibility of being delivered vacant at close, offers an enticing opportunity for an owner-user looking to establish their business. This flexibility aligns seamlessly with the property's other features.
SBA Loan Opportunity: Consider the advantages of utilizing an SBA loan for acquisition. The potential for owner occupancy, coupled with the stable income from the existing leases, positions this property as a viable and strategic investment.
Parking and Signage Features: Standout features include well-positioned parking for convenience and high-visibility pole signage for the ground floor, ensuring optimal exposure and accessibility for potential businesses.
Stable Income Streams: Long-term leases and consistent tenant occupancy contribute to the property's financial stability, making it an attractive option for investors and owner-users alike.
Owner-User Flexibility: The potential for the ground floor to be delivered vacant at close opens doors for owner-users, offering an ideal space to establish and grow their business.
SBA Loan Compatibility: Explore the potential of securing an SBA loan, leveraging the property's owner-occupancy potential alongside its existing income streams for a strategic and accessible financial option.
Strategic Investment Features: Beyond tenancy and flexibility, the property's well-positioned parking and high-visibility pole signage enhance its market appeal, making it a standout choice for businesses seeking optimal exposure and accessibility.