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Listed by Tran Nguyen • Copley Realty
$ 185,000
Est. payment /mo
Active
404 Figueroa St Los Angeles, CA 90071
2,900 SqFt
UPDATED:
11/01/2024 06:39 AM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $63
MLS Listing ID CROC24224643
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 3.540 Acres
Property Description
Nestled on the 4th floor of the iconic Westin Bonaventure Hotel in downtown Los Angeles, this well-established 2,900 sq ft salon offers a unique opportunity to own a profitable business with a strong, loyal clientele built since 1989. Catering directly to guests and residents of the hotel, the salon features a spacious layout with 14 styling chairs, 4 manicure stations, 3 pedicure chairs, 2 private facial rooms, and a VIP suite for clients desiring a premium, private experience. A dedicated break room serves the salon’s team of five long-term stylists, three full-time and two part-time, ensuring high-quality service and continuity for clients. The lease is attractively priced at $4,000/month, covering utilities and offering a 5-year contract with a 5-year extension option. Each chair rents at $1,000/month, providing steady rental income alongside a consistent flow of customers from the bustling hotel. The landlord is supportive and flexible, though buyers must have good credit. This prime location is ideal for a seasoned professional or investor looking to expand with a reputable, thriving salon in the heart of L.A.
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
Water Public
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