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south los angeles mixed-use retail for sale

8905 - 8909 S Western Avenue, Los Angeles, California
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    mixed-use value-add for owner user, investor, or developer

     Amazing opportunity for an owner user, investor or developer to acquire a mixed-use property in South Los Angeles with three retail units spanning approximately 3,750sf and an approximately 640sf one-bedroom residential unit upstairs, all on month-to-month terms with separate gas and electric meters.  The property has a gated lot with secure on-site parking & roll up doors, and fifty feet of frontage on Western Avenue with over 30,000 vehicle daily traffic, presenting a perfect opportunity for an owner-user or investor.   Rents are currently 50% below market, presenting significant upside.   Alternatively, the Tier 2 TOC designation also presents an opportunity for a developer to take advantage of density bonuses to repurpose the C2 lot as affordable housing. Less than 2 miles to SoFi Stadium and the Kia Forum, and 6 miles from LAX, this centrally located asset provides consumers and tenants with easy access to the remainder of Southern California via nearby 110, 105 and 10 freeways.

     

    Disclaimer: Based on current information and belief.  Information has not been verified by Broker.  Buyer must independently verify all information. 

    Sale Type:  Investor, Owner User, Developer

    Asking Price: $780,000(178/sf)

    Building Size:  4,390 sf (3750sf commercial, 640sf resi)

    Lot Size: 5,662 sf  

    Zoning: C-2, TOC Tier 2

    Year Built: 1948

    APN:  6036-017-002 

    Parking: 8

    Walk Score: 82

    Bike Score: -

    Highlights: 

     Three retail units and a one bedroom residential unit upstairs, all 50% below market and on month-to-month terms


    50 foot frontage on Western Avenue with over 30,000 vehicle daily traffic


    Gated lot with secure on-site parking & roll up doors

     

    Map

    8905 South Western Avenue, Los Angeles, California 90047, United States

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    Contact 

    Direct Dial: 310-667-1469

    mark@imperialrealestate.com

    Licensing

    California Department of Real Estate Broker License No. 01955008


    Rancho Palos Verdes, California, United States

    3106671469


    Copyright © 2022 Mark Ehlers  - All Rights Reserved.  DRE  No. 01955008

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