8905 S Western Ave Los Angeles, CA 90047

Building Details

Year Built

1948

Listing Agency Mark Ehlers Real Estate m***@imperialrealestate.com Show Phone

Listed by Mark Ehlers · License #01955008

Source Crexi

Added: Mar 16, 2023 Checked: Jul 17 at 5:38 am

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Investment Insights

Based on property information with market context.

This mixed-use property in South Los Angeles presents an opportunity for an owner-user, investor, or developer. The property features three retail units and a one-bedroom residential unit upstairs. All units are currently on month-to-month terms and have separate gas and electric meters. The property includes a gated lot with secure on-site parking and roll-up doors. It has fifty feet of frontage on Western Avenue, which experiences over 30,000 vehicles daily. The property's location benefits from a Tier 2 TOC designation, potentially allowing a developer to utilize density bonuses to repurpose the C2 lot for affordable housing. The property is less than 2 miles from SoFi Stadium and the Kia Forum, and 6 miles from LAX. Its central location provides convenient access to the remainder of Southern California via the nearby 110, 105, and 10 freeways. The property size is 4390 square feet.

Key Highlights

• High traffic location on Western Avenue (30,000+ vehicles daily).
• Significant upside potential due to rents being 50% below market value.
• Development opportunity with Tier 2 TOC designation allowing for density bonuses for affordable housing.

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property with retail and residential units in South Los Angeles.

Where is this mixed-use property located?

The property is located at 8905 S Western Ave Los Angeles, CA.

What is the asking price?

The asking price for this property is $780,000.

What are key features of this property?

This property features: High traffic location on Western Avenue (30,000+ vehicles daily).; Significant upside potential due to rents being 50% below market value.; Development opportunity with Tier 2 TOC designation allowing for density bonuses for affordable housing.