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    963 S Western Ave Los Angeles, CA 90006

    For Sale
    $6,950,000

    Commercial property with showroom-warehouse in Koreatown, Los Angeles.

    Lot size:
    0.30 Acres

    Property Features for 963 S Western Ave

    General Information

    Lot size
    0.30 Acres

    Source: Stevenson Real Estate Services Agent David Stevenson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Koreatown Showroom-Warehouse on Large Lot

    This showroom-warehouse building, situated in the heart of Koreatown, presents an opportunity for owner-users. The property is suited for a retail business seeking visibility and high traffic, with an estimated 40,632 cars per day on Western Avenue based on a 2024 estimate. It features a gated and secure parking area. The property is located in the City of Los Angeles.
    Insight Report Location Intelligence

    Current Use by Public Records

    Budget Pool Builder ... Swimming Pool

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Restore A Floor OC, restore a floor sg valley, Restore A Floor IE, Terrazzo Polishing Refinishing Restoration, Repair, Installation and Floor cleaning and Wax Solution, California Closeout Flooring

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.30927
    Latitude
    34.05364

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    FAQs

    What type of property is this?
    Showroom - Commercial property with showroom-warehouse in Koreatown, Los Angeles.
    Where is this showroom located?
    The property is located at 963 S Western Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: - High traffic location on Western Avenue provides excellent visibility with 40,632 cars per day.; - Showroom-warehouse building is suitable for retail business.; - Large lot in the heart of Koreatown.
    (818) 956-7001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    963 S Western Ave Los Angeles, CA 90006
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