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$1,250,000
Est. payment /mo
8,633 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26221842
HOA Y/N No
Year Built 1972
Lot Size 8,633 Sqft
Property Sub-Type Retail
Property Description
RARE OPPORTUNITY – ESTABLISHED RESTAURANT BUSINESS & REAL ESTATE FOR SALE!
Excellent opportunity to acquire a freestanding commercial property together with Mariscos El Tejado, a family-operated restaurant established for over 30 years. Strategically situated on a prominent corner at Soto Street and Olympic Boulevard, the property offers excellent visibility, convenient access, and proximity to Downtown Los Angeles, East Los Angeles, and the I-10, I-5, US-101, and SR-60 freeways.
Situated on an approximately 8,630 SF lot, the property features approximately 20 on-site parking spaces, alley access, and an established restaurant operation with an estimated seating capacity of 150 customers and an estimated seating area of 1,400 SF. The recorded building area is approximately 708 SF, with additional longstanding improvements.
The sale includes the real estate, established restaurant business, and existing restaurant equipment, subject to an agreed inventory. Equipment includes two walk-in refrigerators, commercial cooking equipment, a Type I hood, refrigeration, and food preparation equipment. An existing beer and wine license is also reported, subject to ABC verification and approval of transfer.
The property benefits from an established residential and commercial community, with estimated traffic of approximately 40,000 vehicles daily along portions of the Soto Street corridor. This is a corridor estimate, not a verified traffic count at the subject property.
Ideal for an owner-user, restaurateur, or investor seeking a highly visible corner location with an established business and potential for future repositioning, subject to applicable approvals. Buyer to independently verify all property information, building measurements, seating capacity, seating area, traffic estimates, permits, and permitted uses.
Excellent opportunity to acquire a freestanding commercial property together with Mariscos El Tejado, a family-operated restaurant established for over 30 years. Strategically situated on a prominent corner at Soto Street and Olympic Boulevard, the property offers excellent visibility, convenient access, and proximity to Downtown Los Angeles, East Los Angeles, and the I-10, I-5, US-101, and SR-60 freeways.
Situated on an approximately 8,630 SF lot, the property features approximately 20 on-site parking spaces, alley access, and an established restaurant operation with an estimated seating capacity of 150 customers and an estimated seating area of 1,400 SF. The recorded building area is approximately 708 SF, with additional longstanding improvements.
The sale includes the real estate, established restaurant business, and existing restaurant equipment, subject to an agreed inventory. Equipment includes two walk-in refrigerators, commercial cooking equipment, a Type I hood, refrigeration, and food preparation equipment. An existing beer and wine license is also reported, subject to ABC verification and approval of transfer.
The property benefits from an established residential and commercial community, with estimated traffic of approximately 40,000 vehicles daily along portions of the Soto Street corridor. This is a corridor estimate, not a verified traffic count at the subject property.
Ideal for an owner-user, restaurateur, or investor seeking a highly visible corner location with an established business and potential for future repositioning, subject to applicable approvals. Buyer to independently verify all property information, building measurements, seating capacity, seating area, traffic estimates, permits, and permitted uses.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LAC2
Interior
Heating Central
Cooling Central Air
Inclusions ABC license and FF&E
Fireplace No
Laundry None
Exterior
Fence Wrought Iron
Utilities Available Electricity Available, Sewer Connected, Water Connected
Roof Type Flat
Total Parking Spaces 20
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Story 1
Water Public
Others
Tax ID 5170027012
Acceptable Financing Cash to New Loan, Owner May Carry
Listing Terms Cash to New Loan, Owner May Carry
Special Listing Condition Standard
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Listed by Troy Archuleta TIG Commercial, INC. archuletatig@outlook.com, DRE #02075517
Nearby School & Business
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