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8905 S Western Avenue Los Angeles CA 90047 MLS #SB23195550

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.

Property Details

Price:
$780,000
MLS #:
SB23195550
Status:
Active
Baths:
0
Address:
8905 S Western Avenue
Type:
Commercial
Subtype:
Retail
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Oct 19, 2023
State:
CA
ZIP:
90047
Year Built:
1948

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Stories Total
2
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