2 APN Restaurant + Retail in El Sereno

$1,238,000

4874-4876 Huntington Dr. S.

# of Units: 2

Tenants: Pho Eastern & Vacant

Building SF: 3,679

Price/SF: $337/SF

Year Built: 1933

Parking: 4 Spaces

Lot SF: 5,415

Zoning: LAC4

Description

4874-4876 Huntington Dr. is a unique opportunity to purchase two retail buildings on 2 separate APNs in the heart of El Sereno, just steps from the highly trafficked intersection of Eastern & Huntington Drive. There is parking behind the buildings which can be accessed via the public parking lot on Navarro St. Excellent owner-user or investment opportunity in a Northeast LA neighborhood seeing huge growth. The average home in El Sereno now sells for $809,060, up over 6% from last year. This is an area in need of good retail options. Directly across from Chase Bank and the US Post Office. 2,225 SF of Retail being held vacant for the new owner to occupy or lease out. Restaurant is an excellent tenant whose lease expires in Oct. 2024

Location

Prime El Sereno Retail Location. This Property is on the Crossroads of Eastern & Huntington Dr - Easy Access to Lincoln Heights, South Pas, Alhambra, Monterey Hills and Highland Park. Directly Across From Chase Bank and US Post Office. There is Parking in Rear, Along with an Accessible Public Parking Lot

Property Highlights

Pho Eastern Restaurant: 1,454 SF with Lease Expiration 10/31/24. 2 Parking in Rear.
Retail Store: 2,225 SF Vacant with Brand New Electrical Panel, Sub Panel, Meter and Lighting. 2 Parking in Rear.
2 Adjacent APNs to be Purchased Together
Excellent Location Near Eastern & Huntington Dr - Easy Access to Lincoln Heights, South Pas, Alhambra, Monterey Hills and Highland Park
Significantly Improving Local Demographics: El Sereno's Average Home Price is now $809,060 - up 6% From Last Year
Directly Across From Chase Bank and US Post Office. Parking in Rear is Accessible Via Public Parking Lot