Price Reduced Listing
3615 Beverly Boulevard,Los Angeles, CA 90004
Los Angeles, CA 90004
Description
Exceptional investment and owner-user opportunity on highly visible Beverly Boulevard. This corner retail property features 3 storefront units currently occupied by a single tenant on a month-to-month lease, offering rare flexibility for investors and owner-users alike. The existing tenant can remain in place for immediate income or the property may be delivered vacant, creating multiple repositioning strategies. In addition to the occupied retail space, the property includes a separate freestanding retail building currently vacant and ideal for an owner-user, boutique retailer, cafe concept, office showroom, or additional rental income. Market rent projections for the vacant building provide further upside potential. An on-site billboard lease generates additional passive income, creating a diversified revenue stream rarely found in assets of this size. Located along one of Los Angeles busiest commercial corridors, the property benefits from exceptional visibility, strong traffic counts, dense surrounding population, and convenient access to Downtown Los Angeles, Koreatown, Silver Lake, and Echo Park. Whether you're an investor seeking flexibility and value-add potential or an owner-user looking to establish a presence in a high-exposure location while collecting income from the remaining components of the property, this offering presents a unique opportunity in a supply-constrained market. Property Highlights: Beverly Blvd corner location. Billboard income in place. Three retail units occupied by one tenant. Tenant currently month-to-month. Potential to deliver occupied or vacant. Separate freestanding retail building. Vacant owner-user opportunity. Additional rental upside from vacant building. Excellent street visibility. Strong daily traffic counts. On-site parking. Opportunity Zone location. Flexible investment or owner-user use.
Details
| MLS # | SR26138139 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 2005 |
| Days On Site | 70 |
| Listing Provided By | JohnHart Real Estate | Haik Bokhchalian |
Features
| SQ Feet | 2,373 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | LAM1 |
| Acreage | 0.15 |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Utilities
| Utilities | Electricity Available, Sewer Available, Water Available |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,190,000 low | high Med: $837,000 sqft: 2,373 low | high Med: 1,528 $ / sqft: $501 low | high Med: $568 On site: 70 low | high Med: 61 | |
Market Activity 90004
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C17 Mid Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,190,000 low | high Med: $837,000 sqft: 2,373 low | high Med: 1,528 $ / sqft: $501 low | high Med: $568 On site: 70 low | high Med: 61 | |
