404 Figueroa St , Los Angeles, CA 90071
Los Angeles, CA 90071
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.
Details
| MLS# | OC24224643 |
|---|---|
| Listing Type | For Sale |
| Style | Other Business Opportunity |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 81 |
| Listing Provided By | Copley Realty 657-200-1201 | Tran Nguyen |
Features
| SQ Feet | 2,900 |
|---|---|
| Story(s) | 1 |
| Acreage | 3.54 |
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90071 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90071) | |
Price: $185,000 low | high Med: $0 On Site: 81 low | high Med: | |