1455 Eastern AveCommerce, CA 90040

Property Details for 1455 Eastern Ave

Year built

1946

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

1,484 SF

Zone code

CMM1*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5241-028-014

APU

5241028014

Description

This thriving beer and wine market, located at 1455 Eastern Avenue in Commerce, CA, presents a unique investment opportunity. Situated on a corner lot in a residential area, this business enjoys excellent visibility and a captive customer base as the only such establishment within a one-mile radius. The sale includes a Type 20 beer and wine license in good standing, ensuring a smooth transition for the new owner. The current store hours are 10:00 AM to 7:00 PM, providing a solid foundation for continued operation. The business comes fully equipped with a point-of-sale (POS) system, a security system, shelving, existing inventory, fixtures, furniture, and equipment (FF&E), including an eight-door beer, wine, and beverage cooler. The surrounding area is a mix of residential homes and commercial businesses, offering a diverse customer demographic. This established business offers immediate income potential with the added benefit of significant growth opportunities, whether through expansion of the current operations or as an addition to an existing portfolio. The asking price is $120,000. This is a rare chance to acquire a profitable, well-established business in a prime location. Don't miss this opportunity to own a piece of Commerce's thriving retail landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $426,333

  6.5%

  $393,538

  7%

  $365,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $282,197

  Geo Method

  $282,197

• Alternative Use

  Use

  Valuation

  Residential

  $487,987

  Hospitality

  $446,994

  Educational

  $371,894

  Medical

  $384,684

  Retail

  $578,501

Location Insight

City

Commerce

County

Los Angeles

State

California

Latitude

34.0131

Longitude

-118.174

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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