The Mangassarian Team is excited to present an unparalleled investment opportunity at 5628 York Blvd, Los Angeles, CA 90042. This property
showcases a 2,655-square-foot building and a generous 5,595-square-foot land area, complete with an alley. Its diverse layout features two
1,000-square-foot commercial shops and a 1-bedroom house.
Nestled in the prime location of York Blvd in Eagle Rock, this property offers distinctive features, including a currently rented shop at $4,700, a
vacant shop open for customization, and an available house for rent at $2,500. Priced attractively at $1,788,500, the property comes with special
financing options, including owner carry with a 30% for 5 years at 5.5% interest only.
Highlighting its investment appeal, the property boasts a vibrant location on York Blvd, renowned for trendy establishments. Its advantageous
proximity to a large grocery store ensures significant foot traffic, enhancing its visibility. The property's versatility is evident, catering to both retail
and 1BR residential purposes.
Diving into the detailed aspects, the property can be categorized as a Class C retail storefront with integrated residential components. Originally
constructed in 1947 and subject to a meticulous renovation in 2023, the structure epitomizes a single-tenanted, 1-story configuration. Its Floor
Area Ratio (FAR) stands at 0.47, indicating a balanced relationship between the building size and the land area.
Strategically positioned within a C2 State Enterprise Zone, the property occupies 0.13 acres, providing a notable foundation for potential growth
and development. Noteworthy features include ample on-site parking, comprising 6 spaces, translating to a favorable ratio of 2.26 spaces per
1,000 square feet leased. Additionally, the property boasts a substantial 40 feet of frontage on the bustling York Blvd.
This investment opportunity is intricately crafted, combining a strategic location with a diverse layout, setting the stage for multifaceted utility
