Address
1442 W Martin Luther King Jr Boulevard Los Angeles, CA
Price
$ 69,000
Property Attributes
  • MLS#DW21190597
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLos Angeles Southwest
  • Zip90062
  • Style
  • Price$ 69,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Fernando Spindola with Excellence Real Estate - 323-456-6110
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Huge opportunity and potential to operate a move-in ready restaurant. Must sell at this price and all will be included except the exclusions of: personal tools and flat grill. Goodwill of restaurant and location look great. Many local clients call daily to put food orders. Perfect location, very close to major sports complexes on a busy street. Very low rent at: $740 per month. No upcoming rent increases, currently in a month to month agreement. Has been there since 2016. Maximum occupancy seating of business is about: 24. Utilities is about: $230 per month. The licenses and permits are about: $1,350 per year. Owner opens Thursday through Sunday. Approximate value of machinery is about:$30,000. Approximate value of furniture, fixtures, and other equipment is about: $10,000. Owner operator works about 40 hours a week.

Price History
8/28/2021 Listed $69,000

General Features

Business Type Restaurant
Listing Agent Fernando Spindola - BRE#01745219
Listing Agent State License 01745219
MLS Area C34 - Los Angeles Southwest
Property Type Business Opportunity
Status Active
Total Actual Rent 740

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90062

Price
AVG $2.9M
$70K
Visits
AVG 26
14
Walkscore
AVG 74
77
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.