8905 S Western Ave Los Angeles, CA 90047
Mixed-use property with retail and residential units in South Los Angeles.
Type:Retail
Property size:
4,390 SF- Added:
- Mar 16, 2023
- Days on Market:
- 1130
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 8905 S Western Ave
General Information
- Standard status
- Active
- Size
- 4,390 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1948
Listing agent Mark Ehlers License #01955008
Listing office Mark Ehlers Real Estate
Listing date Mar 16, 2023
Source Crexi
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
Overview
Mixed-Use Property in South Los Angeles
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.3092
- Latitude
- 33.95615
Nearby Similar for Sale
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.
