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2908 E 1St St Los Angeles, CA 90033

$2,100,000 Sold Price as of 10/18/2021

-- Beds
-- Baths
4,824 Sq.Ft.

Sold

$2,100,000 Sold Price as of 10/18/2021 Refinance Your Mortgage

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Map preview of 2908 E 1St St, Los Angeles, CA 90033

Property Overview: 2908 E 1St St Los Angeles, CA has -- bedrooms, -- bathrooms, 4,824 living square feet and 14,454 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: CALLING ALL RESTAURANT OWNERS, INVESTORS AND/OR DEVELOPERS TO THIS BIG OPPORTUNITY IN THE CITY OF LOS ANGELES, 8 MINUTES AWAY FROM DOWNTOWN LA and just blocks away from USC.... property is in the up and coming, newly developed BOYLE HEIGHTS area.... The restaurant "EL RINCONCITO DEL MAR" was built in 2002, includes 4,824 sq feet in total building space with 90 feet of store frontage, a large parking lot with a total of 14,653 sq ft. in a prime and busy location, right on first street. This is a must see, large lot consisting of a total of 3 parcels. The first two front facing apn’s are ZONED C2-1 TOTALING 10,400 SQ FT. BACK APN ZONED R2-1 TOTALING 4,029 SQ FEET / TIER 3 TOC / TRANSIT PRIORITY AREA Includes all equipment, alcohol licensing, large customized walk in freezer and refrigerator, upstairs livable studio designed for management, large L shaped bar area, 3 bathroom stalls per restroom, two AC systems, licenses currently up to date. You’ll also find a separated unit/section currently not being utilized, that was previously used as a bakery. THIS EXTRA SPACE CAN BE SUBLEASED. There’s plenty of parking space, all equipment is included AND business is currently in operation. Call and make your appointment TODAY, seller is ready to make his move.

Listed by Dounia Zamora | BRE #01932642 | Keller Williams Palos Verdes

Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft: 14,454
HOA Dues: $0/mo
Year built: --
Garage: --
Property Type:: Mixed Use

Status: Sold
MLS#: CV21141331
City: Los Angeles
County: Los Angeles
Time on Site: 1178 days

Property Unit Breakdown

Unit Mix Summary

Total # of Units: --
Total # of Buildings: --

Property Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: --
Net Operating Income: --
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 2908 E 1St St

Interior Features

Laundry Information

None

Lot Details / Garage and Parking

Lot Information

Lot Features: Sprinkler System, Tear Down
Common Interest: Planned Development

Property Information

Parcel Number: 5180021005
Has Additional Parcels

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Water Source: Public

Location / Neighborhood

Location Information

Directions: Vermont/ Adams

View more facts & features

Local Los Angeles Agent

Sale History for 2908 E 1St St

Last sold for $2,100,000 on October 18th, 2021

July, 2021
Jul 30, 2021

Date

Active Under Contract

CRMLS: CV21141331

$2,200,000

Price
Jul 9, 2021

Date

Active

CRMLS: CV21141331

$2,200,000

Price
Jul 5, 2021

Date

Hold

CRMLS: CV21141331

$2,200,000

Price
Jun 30, 2021

Date

Active

CRMLS: CV21141331

$2,200,000

Price
Jun 29, 2021

Date

Coming Soon

CRMLS: CV21141331

$2,200,000

Price
July, 2021
Jul 30, 2021

Date

Withdrawn

CRMLS: CV21150261

$2,200,000

Price
Jul 9, 2021

Date

Active

CRMLS: CV21150261

$2,200,000

Price
Listing provided courtesy of CRMLS

CALLING ALL RESTAURANT OWNERS, INVESTORS AND/OR DEVELOPERS TO THIS BIG OPPORTUNITY IN THE CITY OF LOS ANGELES, 8 MINUTES AWAY FROM DOWNTOWN LA....blocks away from USC. This property is in the up and coming, newly developed BOYLE HEIGHTS area.... 90 feet of store frontage with a total of 14,653 sq ft. in a prime and busy location, right on FIRST STREET. This is a must see, large lot consisting of a total of 3 parcels. The first two front facing apn’s are ZONED C2-1 TOTALING 10,400 SQ FT. BACK APN ZONED R2-1 TOTALING 4,029 SQ FEET / TIER 3 TOC / TRANSIT PRIORITY AREA. Buyer to do own due diligence, Highest and Best Use per engineer, 27 units upright, 50 units in density. Property can be developed in Mixed use, retail multi-family. Property Can be sold with Additional Single Family Home- Zoned R2-

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August, 2020
Aug 18, 2020

Date

Canceled

CRMLS: 20561380

$2,300,000

Price
Jun 15, 2020

Date

Active

CRMLS: 20561380

$2,300,000

Price
Mar 20, 2020

Date

Active Under Contract

CRMLS: 20561380

$2,300,000

Price
Mar 6, 2020

Date

Active

CRMLS: 20561380

$2,300,000

Price
Listing provided courtesy of CRMLS

We are pleased to present this Development opportunity in Boyle Heights. The 14,454 SF Lot consists of 3 parcels and is currently being used as a restaurant. A developer can build 27 units by right or 50 units using a Density Bonus(Buyer to Verify). The 3 APNs are zoned C2-1-(CUGU) and R2-1-(CUGU) with the restaurant having approx 90 feet of frontage along E 1st St. The Opportunity is located in a Tier 3 Transit Oriented Community (TOC) as well as being situated in "Clean Up Green Up" zoning location. The property could be developed for Retail, Multifamily, Mixed Use, Parking, etc. The site currently has access to the following utilities: Water, Gas, Electricity. The building operates as the El Rinconcito del Mar restaurant, was built in 2002, consists of 4,824 SF, and has a liquor license in place. The front portion of the lot is zoned C2 and is approx 10,400 SF. The back portion of the lot is zoned R2 and is approx 4,049 SF. Can be delivered vacant at COE or with a sale-leaseback.

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August, 2017
Aug 23, 2017

Date

Expired

CRMLS: DW16185296

$1,800,000

Price
Aug 23, 2016

Date

Price Change

CRMLS: DW16185296

$1,800,000

Price
Listing provided courtesy of CRMLS

C-21 Realty Masters Veva Gonzalez (Listing Agent) is proud to present this Beautiful Building was built in 2002. for only 1.8 with huge parking lot and excellent equipment. "Neighbors Restaurant" is for sell with all the equipment included huge food freezer, and refrigerator. loyal clientele. "If you ever dreamed about owning your own business this is your chance! El Rinconcito del Mar is located on a very busy street. BUSINESS OPPORTUNITY IS BEEN SOLD WITH THE REAL ESTATE FOR ADDITIONAL $ 300,000 INCLUDING INVENTORY AND LIQUOR LICENSE.

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June, 2001
Jun 15, 2001

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2908 E 1St St

Assessed Value (2020): $718,702

Year	Land Value	Improved Value	Assessed Value
2020	$224,168	$494,534	$718,702

Home Value Compared to the Market

This property vs the competition

2908 E 1St St sold on October 18, 2021 for 96.43% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $456.05 per/sqft which puts the price per square foot 37.01% lower than the current median sale per square foot for the city of Los Angeles.

About 2908 E 1St St

Detailed summary of property

2908 E 1St St is a mixed use that recently sold in Los Angeles, CA 90033. This mixed use property offered -- bedrooms, -- bathrooms, roughly 4,824 living square feet, and sits on an approximately 14,454 square foot lot. 2908 E 1St St was first listed on ArdentRealEstateGroup.com on June 29, 2021. The homeowner sold the property for $2,100,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 96.43% higher than the current median priced home. Local homes that are currently for sale include 2502 W 3rd St #101, 1544 E Florence Ave and 1445 E 76th Pl. While the average home in Los Angeles, CA is selling in 106 days, 2908 E 1St St has a days on market of 23 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2908 E 1St St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2908 E 1St St

Public county record property details

Beds: --
Baths: --
Year built: 2002
Sq. Ft.: 4,824
Lot Size: 5,779
Stories: 1

Type: Restaurant
Pool: No
Spa: No
County: Los Angeles
Lot#: 53
APN: 5180-021-033

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$749,000

Median List Price/Sq.Ft.

$444

Median Sold Price

$660,000

Median Sold Price/Sq.Ft.

$700

Total Inventory

Median Sale to List Price %

96.35%

Avg Days on Market

Loan Type

Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.