Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3720 S Western Ave Los Angeles, CA 90018

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,950,000

    Large corner lot with existing tenants and development potential.

    Lot size:
    0.41 Acres

    Property Features for 3720 S Western Ave

    General Information

    Standard status
    Active
    Lot size
    0.41 Acres

    We can help!

    Listing Contact
    David Miller
    Source: Corcoran

    Listing Agency: MILLER & DESATNIK REALTY CO. Listing Agent: David Miller

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

    Learn more

    Overview

    Land with Development Opportunities

    The property, with a total lot size of approximately 17,965 square feet, is zoned LAC2. Currently, an auto repair shop and a garden supply shop occupy the lot, operating under month-to-month agreements. The auto repair shop pays $2,500 per month, while the garden supply shop pays $3,250. Phase 1 and 2 environmental assessments have been completed. There are existing plans for a 201-unit, fully entitled low-income housing project. The large corner lot offers a variety of different development opportunities.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    J&B Auto Repair, Hybrid Fix, Ramirez Auto Repair, J. Fregoso Tire, JD_AutoBodyShop

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.30872
    Latitude
    34.02029

    Nearby Similar for Sale

    • $998,800
      1,500 SF

      Canoga Park Retail Storefront Opportunity

      1,500 SF retail storefront ideal for owner-user or investor.
      21627 Sherman Way, Canoga Park, CA 91303
      View Details
    • $1,995,000
      4,900 SF

      Turnkey Banquet & Event Facility

      Banquet and event facility with exceptional capacity and infrastructure.
      18407 Sherman Way, Reseda, CA 91335
      View Details
    • $800,000
      2,375 SF

      Los Angeles Commercial Flex Space

      Flex space featuring offices and warehouse in Los Angeles.
      3724 W Slauson Ave, Los Angeles, CA 90043
      View Details
    • $1,750,000
      1,560 SF

      Waterfront Restaurant with Dock Access

      Profitable restaurant on bayfront property with dock access for sale.
      1901 Buhne Dr, South, CA 95503
      View Details
    • $1,250,000
      1,617 SF

      Eagle Rock Commercial/Residential Opportunity

      Commercially zoned property ideal for live/work in Eagle Rock.
      1063 Colorado Blvd, Los Angeles, CA 90041
      View Details
    • New
      $4,150,000
      5,356 SF

      Retail Property in Mar Vista

      Two attached commercial buildings in a high-traffic Los Angeles location.
      12513 Venice Blvd, Los Angeles, CA 90066
      View Details
    • New
      $2,250,000
      9,783 SF

      Retail Investment Opportunity in Harbor

      Value-add retail property with significant upside potential in Harbor City.
      23700 Western Ave, Harbor City, CA 90710
      View Details
    • $849,000
      1,620 SF

      Established Market in High-Traffic Area

      Operating market with permits, equipment, and additional rental income.
      10201 S Vermont, Los Angeles, CA 90044
      View Details
    • New
      $1,450,000
      3,040 SF

      East LA Commercial Investment Opportunity

      Fully leased 2-unit commercial building on high-traffic Whittier Blvd.
      5110 Whittier Blvd, Los Angeles, CA 90022
      View Details
    • New
      $150,000

      Established Cleaning Business in Northridge

      Turnkey cleaning business for sale in a high-traffic Northridge location.
      9078 Tampa Ave, Northridge, CA 91324
      View Details
    • $360,000
      Pending

      Los Angeles Commercial Auto Repair Warehouse

      1,323 sq ft Los Angeles warehouse suitable for various businesses.
      10605 Compton Ave, Los Angeles, CA 90002
      View Details
    • $195,000
      Pending

      Turnkey Restaurant Opportunity in Tarzana

      Established Greek restaurant for sale in prime Tarzana location.
      18663 Ventura Blvd, Tarzana, CA 91356
      View Details

    FAQs

    What type of property is this?
    Auto shop - Large corner lot with existing tenants and development potential.
    Where is this auto shop located?
    The property is located at 3720 S Western Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Existing tenants generate $5,750 in monthly income.; - Fully entitled plans for a **201-unit low-income housing project** are available.; - **Large corner lot (approximately 17,965 SF)** provides diverse development opportunities.
    (310) 939-9300
    Request Owner's contact information
    3720 S Western Ave Los Angeles, CA 90018
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3720 S Western Ave
    Los Angeles, CA 90018
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3720 S Western Ave Los Angeles, CA 90018
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Miller
    Real Estate License ID: 02105346
    (310) 939-9300 (310) 202-9166
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!