5371 Alhambra Ave, Los Angeles, CA 90032

Property Description

Rare opportunity to own one of El Sereno's most cherished and character filled properties, a truly unique mixed-use asset anchored by Holy Grounds Coffee & Tea, a beloved neighborhood institution since 2012.Lovingly cultivated over the years, this property is far more than a building it is a gathering place woven into the fabric of the community. Thoughtfully designed and full of charm, the commercial space exudes warmth and personality, with whimsical details, inviting interiors, and a beautiful outdoor patio featuring a tranquil fountain that has welcomed neighbors, artists, musicians, and families for over a decade. From open mic nights and live music to community events and everyday conversations over coffee, this space has become a true cultural anchor in El Sereno.The street-facing commercial space includes two bathrooms and a generous patio area, creating an ideal environment for restaurant or caf operations. Located within a Restaurant Beverage Program (RBP) Eligible Area, a future operator may pursue expanded alcohol service, subject to city approvals, offering meaningful upside potential for food and beverage concepts seeking to enhance revenue through alcohol sales.The commercial space is currently leased at $5,319.56 per month, with a lease secured through January 30, 2028 and 5% annual rent increases.Behind the storefront is a 2-bedroom, 1-bath residential unit currently leased at $2,500 per month.At the rear of the property is a bonus loft/work studio space to be delivered vacant at the close of escrow, offering flexible use and potential for future reconfiguration, subject to buyer verification of permits and allowable use.Current gross monthly income totals $7,819.56, equating to $93,834.72 annually.Zoned LAC2 and situated on a 5,013 square foot lot, this rare offering blends stable in-place income with long-term flexibility and character that is increasingly difficult to replicate. A truly special opportunity to own a soulful, income-producing property in the heart of El Sereno.Buyer to verify all permits, zoning, square footage, income, and use. Property is being sold in its present as-is condition. The list price has been strategically set to reflect the current state of the home.