$2,900,000
For Sale

1631 Cordova Street

Los Angeles, CA 90007
0.15 acres | #OC24227502
Listing OfficeHit Home Realty
Browse 14 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

The property consists of 12 fully equipped kitchen spaces, each designed to accommodate various food preparation needs. Here’s a breakdown of the kitchen occupancy:
5 kitchens are currently rented and operating.
3 kitchens have applications pending approval.
It’s worth noting that the final permit for the property was granted only three weeks ago, and we already have five kitchens rented and operating. This quick occupancy rate reflects strong demand and the property’s immediate income-generating potential.
Each kitchen space measures either 11 ft x 18 ft (3 of the kitchens) or 12 ft x 20 ft (the remaining 9 kitchens). Every kitchen is equipped with the following:
Walk-in cooler
12-foot hood
3-compartment sink
Prep sink and hand sink
Stub-outs for up to 5 pieces of equipment under the hood
Ansul fire suppression system
The property offers flexible development options as well. The parking lot is zoned enterprise, so parking is not a requirement. Currently, there are 7 parking stalls available, and these could be removed if you choose to expand the building. Only 1 ADA-compliant parking stall is needed, allowing maximum flexibility with the lot.

  • Property Details
      • Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
      • Lot DescriptionZeroToOneUnitAcre
      • CountyLos Angeles
      • Original List Price$3,400,000
      • MLS #OC24227502
      • MLS #OC24227502
      • Property TypePurchase
      • Property SubtypeBusiness
      • Cost2900000
      • Acres0.1542
      • Utility SourcePublic
      • Year Built1950
      • Stories1

Location

Cristina Arneson-CabreraReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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