Listing provided courtesy of Tran Nguyen of Copley Realty. Last updated 2025-02-01 09:25:42.000000. Listing information © 2024 CRMLS.
Asking Price: $185,000
404 Figueroa St, Los Angeles CA 90071
Community: C42 - Downtown L.A.
Status: Active
This Business property was built in 0 and is priced at $185,000. Please see the additional details below.
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.