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    7402 Western Ave Los Angeles, CA 90047

    Sponsored
    For Lease
    $24 SF/Yr

    Prime Retail/Office, 1000 sq ft, High Visibility

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,000 square foot storefront, located at 7402 S Western Ave, Inglewood, offers a fantastic opportunity for a single-tenant retail or office business. Situated on a major thoroughfare with excellent visibility and signage potential, this property benefits from high traffic counts and a strategic location. Zoned C2, the space allows for a variety of uses, making it ideal for a convenient store, smoke shop, or similar enterprise. The mixed-use building provides a convenient and accessible location, just minutes from major retailers like Home Depot and close to public transportation. Its proximity to Florence Avenue (one block south) further enhances its accessibility. This property is exceptionally well-positioned to capitalize on significant upcoming development in the area, including the new RAMS stadium, 3,000 residential units, 680,000 square feet of retail space, a luxury hotel, the new Hollywood Park Casino, and a man-made lake, all within two miles. This presents a unique chance to establish a business in a rapidly growing and dynamic location with substantial future growth potential. The property is in the Inglewood/Hyde Park submarket of Los Angeles County.

    Property Features for 7402 Western Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF

    Unit(s) available at that property

    Space
    Size
    1,000 SF
    Rate per SF
    $36

    HighLights

    • 1,000 sq. ft. single‑tenant storefront retail/office space.
    • C2 zoning allows for multiple uses.
    • High‑visibility location on Western Avenue with excellent signage opportunities and high traffic counts.
    • Located near major retailers (e.g., Home Depot) and public transportation.
    • One block south of Florence Avenue on Western Avenue, two miles from the new SoFi Stadium development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Green Ghost 2 Medical Clinic Smogster Smog Check ... Smog Inspection Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.30904441902
    Latitude
    33.972419824544

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail/Office, 1000 sq ft, High Visibility
    Where is this individual retail property located?
    The property is located at 7402 Western Ave Los Angeles, CA.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: 1,000 sq. ft. single-tenant storefront retail/office space.; C2 zoning allows for multiple uses.; High-visibility location on Western Avenue with excellent signage opportunities and high traffic counts.
    Request Owner's contact information
    7402 Western Ave Los Angeles, CA 90047
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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
    7402 Western Ave Los Angeles, CA 90047
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