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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 cooler12-foot hood3-compartment sinkPrep sink and hand sinkStub-outs for up to 5 pieces of equipment under the hoodAnsul fire suppression systemThe 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.
Property Type(s):
Commercial
| Last Updated | 12/21/2024 | Year Built | 1950 |
|---|---|---|---|
| Community | Koreatown | County | Los Angeles |
Price History
| Prior to Dec 9, '24 | $3,400,000 |
|---|---|
| Dec 9, '24 - Dec 21, '24 | $3,000,000 |
| Dec 21, '24 - Today | $2,900,000 |
Additional Details
| AREA | Koreatown |
|---|---|
| LOT | 6719 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| STORIES | 1 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected |
| WATER | Public |
| ZONING | Enterprise |
Location
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Listed with Hit Home Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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