$2,300,000
$2,300,000
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6,987 Sqft Lot
SOLD DATE : 09/13/2021
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Bluff Park (Blf)
MLS Listing ID PW21180978
Sold Date 09/13/21
HOA Y/N No
Year Built 1940
Lot Size 6,987 Sqft
Property Description
Retro-Row restaurant plus Spanish-style 4-plex. This mixed-used property is located in the historic district of Bluff Heights in a popular part of E. 4th St. In its former life, this deco-style restaurant was popular as a farm-to-table dining experience. The interior is freshly painted and the cement finished floors have been polished. A rear door opens to an over-sized, covered, fresh-air patio. Built-in, bench-style, seating surrounds an open space with plenty of room for tables. Rustic planter professionally potted by "Pippi and Lola", a new store just steps away, add to the porch atmosphere. Other surrounding businesses include "Coffee Drunk" and "Gusto Bread," where customers enjoy the street-side parkette. 4-storage units directly behind provide a buffer zone between the restaurant and the residential tenants. A side driveway is convenient for trash bins and supply deliveries. The Spanish 4-plex behind the restaurant has a smooth stucco exterior, individual private courtyards, plus each has a parking spot. The units have been well-cared for with long-term tenants who appreciate the location close to shopping, dining and the beach. On-site laundry room with new coin-operated washer and dryer. All leases are month-to-month, with one unit kept vacant for showing, as an option for extra restaurant's office space or easily rented to residential tenant.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBCNR
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport
Pool None
Community Features Biking, Storm Drain(s), Street Lights, Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7263024001
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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