$1,550,000.00
Asking Price
Address: Los Angeles,
Status: Active
Posting ID: 289089
1/8/25
Description
For sale is a beer and wine shop located in a strip center on a busy street in Los Angeles, specifically on Western Avenue. The beer and wine market is currently closed but has been under the same ownership since 1989. The owner also holds the property. There is significant potential for the market, as the location is surrounded by numerous apartments and commercial areas.
- Selling with the property and beer and wine market license, generating rental income of $7,550 per month.
- The beer and wine market has been under current ownership since 1989.
- The market is being sold as-is (asset sale) for $70,000.
- The property generates a rental income of $7,550 per month, including:
- 2-bedroom apartment (upstairs): $900/$950
- Insurance office: $700
- Beauty supply store: $2,400
- Closing and snack shop: $2,600
- 1 vacant space (projected): $1,000
- The beer and wine market was previously operated by the property owner but is currently closed.
- The beer and wine market can be purchased for $70,000 (asset sale) along with the property for $1.55 million.
- Located in a great, busy area with many Latino communities.
Income Summary:
- 2-bedroom apartment: $900/$950 (month-to-month)
- Insurance office: $700 (month-to-month)
- Beauty supply store: $2,400 (month-to-month)
- Closing and snack shop: $2,600 (month-to-month)
- 1 vacant space (projected): $1,000 per month
- Beer and wine market: Previously run by the landlord; rent is not included and the market is currently closed.
All information was given by the seller/buyer's responsibility to verify all numbers. All information provided by the seller is deemed reliable but not guaranteed. Brokers have not audited said information. Buyers are strongly urged to conduct their own investigation and check for the accuracy of said information during eh due diligence period.
To get more information about this Beer And Wine Shop - Strip Center Location business for sale in Los Angeles please phone Joo (Joe) Lee (Agent - BRE License #:01358449) at 213-820-8877 Cell and 213-820-8877 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #289089 on BizBen.com. In addition to phoning Joo (Joe) Lee, make sure you email Joo (Joe) Lee above to get more info about this Beer And Wine Shop - Strip Center Location, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01358449. Win Realty & Properties.
Contact
Details
Asking Price: $1,550,000.00
Down: $700,000.00
Cash Flow: Call/Email
Revenue: Call/Email
Area: Los Angeles
City: Los Angeles
Attributes:
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