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IMPERIAL REAL ESTATE

IMPERIAL REAL ESTATE

IMPERIAL REAL ESTATEIMPERIAL REAL ESTATE

SOUTH LOS ANGELES MIXED-USE RETAIL FOR SALE

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8905 - 8909 S Western Avenue, Los Angeles, California

    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)

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

    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

     

     

      

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

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    IMPERIAL REAL ESTATE, DRE No. 1955008

    3106671469


    Copyright © 2024 IMPERIAL REAL ESTATE - All Rights Reserved.

    DRE No. 1955008

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