LAST PRICE DROP - BEFORE THIS BEAUTIFUL PROPERTY COMES OFF THE MARKET - GET YOUR OFFERS IN.*** $700,000 PRICE DROPPED!! NOW WITH SERIOUS PRICE, LOOKING FOR SERIOUS BUYER. *** FULLY REMODELED AND UPDATED, THE SELLER SPENT $900,000.00 IN RENOVATION AND PERMITS. CUP GRANDFATHER IN!! CURRENTLY TENANT PAYING $25,000 PER MONTH. SHOWING WITH ACCEPTED OFFER. DO NOT DISTURB TENANT AT ANY TIME, APPROACHING TENANT WILL BE A CAUSE OF DISQUALIFICATION OF YOUR LOI OR AN OFFER. RENT WILL INCREASE 10% ON JULY OF 2028. OR OPTION TO DELIVER VACANT!! Turnkey Restaurant & BAR or/ Development Opportunity in Prime Rampart Village Presenting 3211 Beverly Blvd — a fully renovated, 4,480 SF freestanding restaurant property situated on a 13,416 SF lot (two parcels) in the heart of Rampart Village. This high-visibility corner site offers a rare blend of immediate income and long-term development upside.? Property Highlights: Price: $3,500,000 Cap Rate: 7.08% Current NOI: $247,741/year Tenant: Single-tenant lease at $25,000/month, with a 10% rent increase scheduled for July 2028 Occupancy: 150-person capacity Parking: 40 on-site spaces (8.93 per 1,000 SF) Zoning: C2-1 (TOC Tier 1) Lot Size: 0.31 acres? Interior Features: Fully built-out commercial kitchen with walk-in cooler 17' high bow truss ceilings and exposed brick walls Separate VIP room and large private dance area Type 47 liquor and dance permits available? Development Potential: With C2-1 zoning and TOC Tier 1 incentives, the site offers the potential to develop up to 33 apartment units. This flexibility makes it an attractive option for investors seeking both immediate cash flow and future redevelopment opportunities.? Location Advantages: Located just four blocks east of Vermont Avenue, the property boasts excellent access to the 101 Freeway and is minutes from popular neighborhoods like Silver Lake, Koreatown, and Echo Park. Nearby amenities include Ralphs, Walgreens, and acclaimed eateries such as Melody and Sqirl.? LoopNet Investment Summary: 3211 Beverly Blvd is a rare offering that combines a fully operational restaurant venue with significant redevelopment potential in one of Los Angeles' most dynamic neighborhoods. Whether you're an investor seeking stable income or a developer aiming for a transformative project, this property delivers on both fronts.