For Sale
8905 S Western Avenue, Los Angeles, CA 90047
8905 S Western Avenue, Los Angeles, CA 90047
  • $780,000
  • $178

Overview

Property ID: HZ12293571
  • Commercial Sale
  • Property Type
  • 1948
  • Year Built

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.

  • Address 8905 S Western Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90047
  • Area C36 - Metropolitan Southwest
  • Country United States

Details

Updated on February 19, 2024 at 12:51 pm
  • Property ID: HZ12293571
  • Price: $780,000
  • Land Area: 5625.00 Sqft
  • Year Built: 1948
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 4390.00
  • Living Area Prefix: Sqft
  • MLS#: SB23195550
  • Office Name: IMPERIAL REAL ESTATE
  • Agent Name: Mark Ehlers
  • MLS Status: Active
  • Co-Office Name: PLG Estates
  • Co-Agent Name: Julia Chen
  • Agent State License: 01955008
  • Co-Agent State License: 01993611
  • IDX Contact Info: 310-667-1469

Additional details

  • County: Los Angeles
  • Property SubType: Retail
  • Water Source: Public

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