20
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$185,000
Est. payment /mo
3.54 Acres Lot
Active
404 Figueroa St Los Angeles, CA 90071
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UPDATED:
12/05/2024 05:04 AM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24224643
HOA Y/N No
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.
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
Area C42 - Downtown L.A.
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Room
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 5140018025
Security Features Gated with Guard
Special Listing Condition Standard
Listed by Tran Nguyen • Copley Realty • 714-909-8987