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
Schools
Interior
Exterior
Stories Total
2
Water Source
Public
Financial
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
- 8201 CENTRAL Avenue
Los Angeles, CA$1,000,000
3.07 miles away
- 2011 JEFFERSON BLVD
Los Angeles, CA$1,000,000
4.83 miles away
- 1749 E 69th Street
Los Angeles, CA$999,999
4.15 miles away
- 2214 W Florence Avenue
Los Angeles, CA$999,500
1.36 miles away
- 8322 Avalon Boulevard
Los Angeles, CA$999,000
2.59 miles away
- 3956 W Slauson Avenue
Los Angeles, CA$999,000
2.99 miles away
- 8852 S WESTERN Avenue
Los Angeles, CA$999,000
0.08 miles away
- 9602 S Main Street
Los Angeles, CA$995,000
2.11 miles away
- 9602 S Main Street
Los Angeles, CA$995,000
2.11 miles away
- 7307 S Figueroa
Los Angeles, CA$995,000
1.93 miles away
Courtesy of Imperial Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
8905 S Western Avenue
Los Angeles, CA
LIGHTBOX-IMAGES