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    21725 Erwin St Los Angeles, CA 91367

    Sponsored
    For Sale
    $10,750,000

    High-Return Retail Redevelopment Opportunity

    Property size:
    20,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,600 square foot storefront, located at 21725 Erwin St, Los Angeles, CA 91367, presents a unique redevelopment opportunity in the thriving Warner Center. Built in 1978 and extensively renovated in 2023, this single-tenant property sits on a 0.91-acre lot and is zoned LAWC. The asking price is $10,750,000, translating to $521.84 per square foot. Its prime location within Warner Center's designated downtown district, as outlined in the Warner Center 2035 plan, offers unparalleled access to amenities. Proximity to Westfield Village and the upcoming Los Angeles Rams mixed-use development, including their new practice facilities, ensures high visibility and significant foot traffic. This owner/user investment is ideal for businesses seeking a prominent presence in a rapidly growing area, capitalizing on the substantial future development and increased population density. The property's recent renovation minimizes immediate capital expenditure needs, allowing for a swift return on investment. This is a rare chance to acquire a substantial retail space in a strategically advantageous location poised for continued appreciation.

    Property Features for 21725 Erwin St

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,600 SF
    Lot Size
    39,640 SF

    Building Details

    Year Built/Renovated
    1978/2023
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    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
    -118.6023197
    Latitude
    34.1833971

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    FAQs

    What type of property is this?
    Individual retail property - High-Return Retail Redevelopment Opportunity
    Where is this individual retail property located?
    The property is located at 21725 Erwin St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $10,750,000.
    Request Owner's contact information
    21725 Erwin St Los Angeles, CA 91367
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    Los Angeles, CA 91367
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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
    21725 Erwin St Los Angeles, CA 91367
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