Freestanding Restaurant with
New
For Sale
$1,250,000
1426 S Soto, Los Angeles, CA 90023
The offering includes an established family-operated restaurant business alongside the real estate and kitchen assets.
Property Size1,400 SF
Lot Size0.20 Acres
Price / SF$1,765
Days on Market2
Property Features for 1426 S Soto
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
20
Lot size
0.20 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Seating Capacity
150
Hood Type
Type I
Commercial Hood
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
1,400 SF
Year Built
1972
Buildings
1
Listing Agency:
TIG Commercial, INC.
Listed By:
Troy Archuleta · License #02075517
(855) 777-8848
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TIG Commercial, INC.
Investment Insights
Based on property information with market context.
The property combines a freestanding restaurant building with the operating Mariscos El Tejado business, established for more than 30 years. The recorded building area is approximately 708 SF, with additional longstanding improvements. Restaurant seating is estimated at 150 customers across an estimated 1,400 SF seating area. Included equipment comprises two walk-in refrigerators, commercial cooking equipment, a Type I hood, refrigeration, and food preparation equipment; inventory is subject to agreement. An existing beer and wine license is reported, with transfer subject to ABC verification and approval.
The approximately 8,630 SF parcel occupies the corner of Soto Street and Olympic Boulevard and has alley access and approximately 20 on-site parking spaces. The site is described as near Downtown Los Angeles, East Los Angeles, and I-10, I-5, US-101, and SR-60. A corridor traffic estimate is approximately 40,000 vehicles daily along portions of Soto Street; this is not a verified count at the property. The building was constructed in 1972.
The approximately 8,630 SF parcel occupies the corner of Soto Street and Olympic Boulevard and has alley access and approximately 20 on-site parking spaces. The site is described as near Downtown Los Angeles, East Los Angeles, and I-10, I-5, US-101, and SR-60. A corridor traffic estimate is approximately 40,000 vehicles daily along portions of Soto Street; this is not a verified count at the property. The building was constructed in 1972.
Key Highlights
- Established restaurant operation with the real estate; business has operated for more than 30 years
- Approximately 8,630 SF corner parcel at Soto Street and Olympic Boulevard
- Recorded building area of approximately 708 SF, plus additional longstanding improvements
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
Median Home Value
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Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The offering includes an established family-operated restaurant business alongside the real estate and kitchen assets.
Where is this conventional restaurant located?
The property is located at 1426 S Soto Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Established restaurant operation with the real estate; business has operated for more than 30 years; Approximately 8,630 SF corner parcel at Soto Street and Olympic Boulevard; Recorded building area of approximately 708 SF, plus additional longstanding improvements
