2918-2920 Imperial Ave

Mixed-Use opportunity available for sale! Ideal opportunity for both owner-users and developers. This property is located in the up and coming neighborhood of Grant Hill, on the boarder of burgeoning Logan Heights. Located on a 8,442 square foot lot, the mixed-use building measures 3,600 square feet. It consists of 4 units total- 2 residential and 2 commercial. The residential units are both 1 bedroom 1 bath and 600 square feet each. Both residential units have been recently updated to include modern cabinetry, countertops, bathrooms, new kitchen appliances, and new in-unit laundry appliances. The commercial consists of 2 units; 800 square feet, and 1,600 square feet for a total commercial square footage of 2,400. Both commercial spaces are continuous and being occupied by the same operator under two concepts; Mixed Grounds Coffee Shop, and an Art Gallery / Beer Hall. Collectively the concepts are known as Mixed Grounds Coffee Shop- and the business is well known throughout the community with hundreds of 5 star reviews. The business will often hold yoga events, art exhibitions, and craft beer functions. The building, with its custom glassed garage doors, and colorful exterior, is the vibrant retail community center within the emerging neighborhoods of both Grant Hill and Logan Heights.

10% Down SBA Opportunity:
Both commercial spaces are a continuous 2,400 square feet and being occupied by the same operator under two concepts; Imperial Grounds Coffee Shop, and an Art Gallery / Beer Hall. If desired, the Buyer would have the opportunity to occupy 1,836 SF of this commercial space, while leasing the remaining 564 square foot corner commercial space and outdoor patio space to Mixed Grounds Coffee Shop. The Buyer could further offset monthly payments by continuing to lease the two residential units that make up 1,200 square feet. In doing so, the Buyer would occupy space with Imperial Ave frontage, and access to the roughly 60' x 58' concrete pad in the rear.

Development Opportunity:
Property has a base zone of CN-1-3, is located in Complete Communities Tier 3 FAR 6.5, and is located in the transit priority area. The lot square footage is 8,442 square feet. This allows up to 54,873 FAR. There is an opportunity to demolish the existing footprint and build your project across the entire property, or there is an opportunity to keep the existing structures and develop a building in the roughly 60' x 58' of existing concrete pad located in the rear.