Mixed Use

The Colombo group is pleased to present 5730 E Beverly Blvd in East Los Angeles. Situated two parcels down from the corner of East Beverly and Gerhart, this mixed use property consists of two separate buildings on a 2400 SF lot zoned LCC3 with direct alleyway access and off street parking at the back of the property. The storefront unit is conveniently situated directly on the high traffic street of East Beverly Boulevard. This free standing, 500 SF retail space will be delivered VACANT, which will give an investor the opportunity to rent out this space or an owner-user the ability to operate a business. Positioned at the back of the property is a 4-bedroom / 3-bathroom house which is currently rented. The property will be delivered at a 4.95% current cap rate, and it presents the chance of a new investor/owner-user to benefit from the potential of up to 30% of rental upside. This asset is situated off of route 60 Pomona Freeway; One mile away from East Los Angeles College; and less than two miles away from the 24 million dollar 3rd and Dangler Project, a 78 unit transit oriented development project. This new addition to the community will provide residents of East Los Angeles better access to public transportation, connecting them to job opportunities in downtown Los Angeles and the San Gabriel Valley