Mixed-Use Property in South Los
For Sale
Contact for pricing
Pending
8905 S Western Ave, Los Angeles, CA 90047
Mixed-use property with retail and residential units in South Los Angeles.
Property Size4,390 SF
Days on Market1267
Property Features for 8905 S Western Ave
General Information
Standard status
Pending
Size
4,390 SF
Class
C
Property subtype
Retail
Zoning
C2 TOC Tier 2
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1948
Buildings
1
Stories
2
Units
4
Listing Agency:
Mark Ehlers Real Estate
(310) 667-1469
Listed By:
Mark Ehlers · License #01955008
Source:
Crexi
Added: Mar 16, 2023
Changed: Aug 17
Last Checked: Sep 1 at 9:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mark Ehlers Real Estate
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,097
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 19%
Dollar Tree
Shops & Services
18,260 visits/mo
0.2 miles
ARCO
Shops & Services
11,251 visits/mo
0.4 miles
Taco Bell
Dining
8,442 visits/mo
0.3 miles
Jiffy Lube
Shops & Services
3,644 visits/mo
0.5 miles
Marathon Petroleum
Shops & Services
1,728 visits/mo
0.3 miles
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
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.
