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For Sale

$1,250,000

8,634 sqft$145/sqft26 days on market

1426 S Soto ST

Los Angeles, CA 90023

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

8,634

Square feet

1972

Built

Listing narrative

Description

RARE OPPORTUNITY – ESTABLISHED RESTAURANT BUSINESS & REAL ESTATE FOR SALE! Excellent opportunity to acquire a freestanding commercial property together with Mariscos El Tejado, a family-operated restaurant established for over 30 years. Strategically situated on a prominent corner at Soto Street and Olympic Boulevard, the property offers excellent visibility, convenient access, and proximity to Downtown Los Angeles, East Los Angeles, and the I-10, I-5, US-101, and SR-60 freeways. Situated on an approximately 8,630 SF lot, the property features approximately 20 on-site parking spaces, alley access, and an established restaurant operation with an estimated seating capacity of 150 customers and an estimated seating area of 1,400 SF. The recorded building area is approximately 708 SF, with additional longstanding improvements. The sale includes the real estate, established restaurant business, and existing restaurant equipment, subject to an agreed inventory. Equipment includes two walk-in refrigerators, commercial cooking equipment, a Type I hood, refrigeration, and food preparation equipment. An existing beer and wine license is also reported, subject to ABC verification and approval of transfer. The property benefits from an established residential and commercial community, with estimated traffic of approximately 40,000 vehicles daily along portions of the Soto Street corridor. This is a corridor estimate, not a verified traffic count at the subject property. Ideal for an owner-user, restaurateur, or investor seeking a highly visible corner location with an established business and potential for future repositioning, subject to applicable approvals. Buyer to independently verify all property information, building measurements, seating capacity, seating area, traffic estimates, permits, and permitted uses.

Listing agent (MLS): Troy Archuleta · Listing brokerage (MLS): TIG Commercial, INC.

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,250,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Retail

Home Size

8,634 sqft

Baths

Baths n/a

Lot Size

0.20 acres

Year

1972

Status

For Sale

Days on Market

26

$ / Sqft

$145

· 8% down, 7% APR, 30yr fixed
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Courtesy of TIG Commercial, INC.