3251 Beverly Blvd Los Angeles, CA 90057-1017

This exceptional Los Angeles retail property, located at 3251 Beverly Boulevard, presents a compelling investment opportunity. The 5,251 square foot building, constructed in 1980, sits on a 11,132 square foot lot zoned C2, offering significant redevelopment potential. Currently operating at 100% occupancy with a strong pro-forma NOI of $185,508 and a 7.13% pro-forma cap rate, the property features a fully equipped restaurant and a coin laundry facility, both currently leased under a triple net (NNN) lease with a remaining term of approximately 2.1 years (expiring 12/31/2026). The asking price is $2,600,000, translating to $495.14 per square foot. The single-tenant building boasts 13 parking spaces and benefits from a convenient location with a bus stop directly in front, ensuring easy access for customers. The property's C2 zoning allows for the construction of 27 units as of right, with the potential to build up to 41 units utilizing the TOC density bonus. This presents a unique opportunity for immediate income generation and long-term value appreciation through redevelopment. The property includes three units and is situated in Los Angeles County, CA, zip code 90057.