1631 Cordova Street

Los Angeles, CA 90007

PRICE REDUCED

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-$400,000 (-11.76%)

$3,000,000

List Price

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bed Beds

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shower Baths

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straighten / sqft

1950

calendar_month Built

Property 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.

Listing Information

List Price $3,000,000
Status Active
MLS OC24227502
Type Commercial
Subtype Business
Year Built 1950
Lot Size 6,719
Structure Size N/A
DOM 35
Courtesy Of Hit Home Realty
Listing Agent Kacper Turek DRE#01981006

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Kacper Turek, Hit Home Realty 949-698-3670. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 9th, 2024 at 2:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.