$2,650,000
$3,450,000
23.2%For more information regarding the value of a property, please contact us for a free consultation.
3,854 SqFt
SOLD DATE : 01/30/2022
Key Details
Sold Price $2,650,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,854 sqft
Price per Sqft $687
MLS Listing ID WS21176766
Sold Date 01/30/22
HOA Y/N No
Annual Tax Amount $100,000
Tax Year 2019
Lot Size 0.315 Acres
Acres 0.3146
Lot Dimensions Assessor
Property Description
The well-known American restaurant is on this prime property, it is called Colonial Kitchen. This American restaurant has a history of near a hundred years, it incorporates many local development, and it is also a local land mark. Throwback joint serving classic American fare, including breakfast, amid booths & Elvis memorabilia. This restaurant has a long history, nostalgic and retro decoration, romantic and warm atmosphere, classic and delicious American breakfast, lunch and dinner. The restaurant has a fantastic bar with liquor. There are total three dining areas, the main dining room have 90 seats, the side dining room have 30 seats, and outside patio also have 30 seats.
It is also a redevelopment project, you can build office and medical units. The city really like the assist living project but some issue need to be taken care of. The value is in the land. Investor can start development process, in the mean time getting a NNN from the restaurant tenant. Many possibilities.
Location
State CA
County Los Angeles
Area 655 - San Marino
Rooms
Other Rooms Living Quarters
Ensuite Laundry None
Interior
Laundry Location None
Heating Natural Gas
Cooling Central Air, Electric
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Water Connected
Roof Type Wood
Building
Lot Description 0-1 Unit/Acre
Water Public
Additional Building Living Quarters
Others
Tax ID 5335006006
Security Features Fire Detection System,Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
Financing Cash
Special Listing Condition Standard
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Bought with Grace Feng • RE/MAX Premier Properties