CA > Los Angeles
Los Angeles, CA 90047,8905 S Western AVE
Los Angeles, CA 90047,8905 S Western AVE
Los Angeles, CA 90047,8905 S Western AVE
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$735,000
Est. payment /mo
5,623 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB23195550

HOA Y/N No

Year Built 1948

Lot Size 5,623 Sqft

Property Sub-Type Retail

Property Description

Amazing opportunity for an owner user, investor or developer to acquire a mixed use property in South Los Angeles with three retail units and a 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, high ceilings, 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.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning C2 TOC-3

Interior

Fireplace No

Laundry None

Building

Lot Description 0-1 Unit/Acre

Story 2

Water Public

Others

Tax ID 6036017002

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Mark Ehlers • Imperial Real Estate • mark@imperialrealestate.com
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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