3403 E 4th Street,Los Angeles,Los Angeles,CommercialSale

Property Description

Situated at the signalized corner of Lorena Street and East 4th Street in the dense pocket of the Boyle Heights, the subject property was being used as a 3 bedroom and 2 bath Single Family house for 20+ years (delivered empty no later than 4/30/24). However, all the Certificate(s) of Occupancy, since it was constructed only allow for commercial uses. Prior to its residential dwelling use it was a Cafe and a Store location. The property is situated in a State Enterprise Zone which reduces the parking requirements to: 2 spaces for every 1,000 SF. More specifically, this would be the new parking requirement for Medical/Dental and Restaurant (take-out/sit-down) uses. The property will be vacant April 30th. City Attorney is requiring the subject to be converted back to its original use. SBA and Conventional loans will finance at 85% to 90% loan-to-value, plus finance all Tenant Improvements for an Owner-User Buyer to capitalize.