Saturday, October 22, 2016

Echo Park Avenue storefront snapped up while neighboring space remains vacant

A new store is preparing to open in the Del More building while another space remains vacant

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Masa of Echo Park

Shopper and Diner buttonECHO PARK — Only a few weeks after going up for rent at more than $2,400 a month, the  former Beatrice Valenzuela shop has apparently been leased to a new tenant. But who is it?

Workers are currently remodeling the narrow, 375-square-foot space in the  red-brick Del Mor apartment building – aka Grafton Lofts – in the 1500 block of Echo Park Avenue. It’s not clear who has rented the space but one person said it looks to be a stationery or paper store but that could not be verified.

Meanwhile, a few storefronts down in the same building,  a notice taped to the front of the now vacant El Batey market says that a group called EP Pacific LLC has applied for a state license to sell beer and wine from the location.  That group is controlled by Karl Slovin, whose company owns the building. In some cases, property owners will secure an alcohol license to attract a tenant to fill an empty space but it’s not clear why Slovin’s group has applied for the license.  The Eastsider has contacted the brokerage trying to fill the space but has not heard back.

The former neighborhood grocery store closed last June in the face of a large rent increase. The space has remained vacant ever since, with the owner recently reducing the nearly $6,000-a-month asking rent  to attract a tenant.

State alcohol application notice in the window of the former El Batey market

State alcohol application notice in the window of the former El Batey market

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  1. gentrification

    Comments closed.

  2. I would love a store along the lines of Silverlake wine to move into that space. But I’m afraid with what they’re asking and rent it’ll continue to sit empty as it has for the last year.

  3. $2400 a month for 375 sf? A stationary store? It’s sad that the only way that landlords can make this kind of rent is on naive would be business owners. Having had a store front shop in the area at a much lower price I wish to god I could warn the new shop owners not to waste their money on a venture there is no way they can make money on.

    • A new sucker is born everyday,, too naive, Don’t they know the locals have cursed this location? It will never prosper!

  4. the permit for alcohol is for the empty storefront and chango address combined

    so they are probably hoping for a restaurant to take both storefronts ( goodbye chango ), and they will get it saying they have parking in the tenants lot of the building

    6.50 dollars a sq ft in echo park with no parking. good luck with stationary. i hope they pull out now while they can.

    but a new sucker with a trust fund moves to echo park everyday so the spaces will continue to be filled and go out of business every two years and then re rented for even more money.

  5. If they were smart, the should convert the storefronts to lofts; retail stores need front traffic.

    investors make mistakes all the time; it’s time to cut their losses.

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