8905 Western Ave Los Angeles, CA 90047
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High-Traffic Retail Building, 4,390 SF
Property size:
4,390 SFProperty Features for 8905 Western Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 4,390 SF
- Class
- C
Building Details
- Year Built
- 1948
- Buildings
- 1
- Stories
- 2
- Units
- 4
Listing Agency: Mark Ehlers Real Estate Listing Agent: Mark Ehlers
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Los Angeles retail property, located at 8905 S Western Ave, presents a compelling value-add investment opportunity. The 4,390 square foot building, constructed in 1948, features four units: three retail spaces and a one-bedroom residential unit. All units are currently operating at 100% occupancy with month-to-month leases, offering significant upside potential as rents are 50% below market rates. The property boasts a desirable location on Western Avenue, enjoying over 30,000 vehicles of daily traffic and a prominent 50-foot frontage. A gated lot provides secure on-site parking and roll-up doors for convenient access. The property sits on a 5,625 square foot lot and is zoned C2 TOC Tier 2, presenting potential for redevelopment. With a pro-forma NOI of $61,450 and a pro-forma cap rate of 7.88%, this asset offers strong cash flow and significant appreciation potential. Its proximity to major freeways (110, 105, and 10) and landmarks like SoFi Stadium, Kia Forum, and LAX enhances its appeal. The asking price is $780,000, translating to $177.68 per square foot. This is a fee simple ownership opportunity, suitable for a 1031 exchange.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.30906395262
- Latitude
- 33.956069558573
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FAQs
What type of property is this?
Individual retail property - High-Traffic Retail Building, 4,390 SF
Where is this individual retail property located?
The property is located at 8905 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: $780,000 asking price for a 4,390 SF retail storefront in Los Angeles, CA.; Value-add opportunity with a 7.88% pro-forma cap rate and $61,450 pro-forma NOI.; 100% occupancy across four units (three retail, one residential), all month-to-month leases at 50% below market rent.
